Arkansas Development Finance to price $57.2 million bonds on Tuesday

By Sheri Kasprzak

New York, Oct. 31 - The Arkansas Development Finance Authority is planning to price $57.2 million of series 2011C capital improvement revolving loan fund revenue bonds on Tuesday, said a preliminary official statement.

The bonds (/AAA/AAA) will be sold on a competitive basis with First Southwest Co. as the financial adviser.

The bonds are due 2014 to 2028.

Proceeds will be used to fund clean water and drinking water loans.

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