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Tennessee preps $361.06 million sale of G.O. bonds for Thursday
By Sheri Kasprzak
New York, Oct. 11 - The State of Tennessee is set to price $361.055 million of series 2011 general obligation bonds on Thursday, said a preliminary official statement.
The offering includes $255.48 million of series 2011A bonds and $105.575 million of series 2011B G.O. refunding bonds.
The bonds (Aaa/AA+/AAA) will be sold on a negotiated basis with Citigroup Global Markets Inc. and Barclays Capital Markets Inc. as the senior managers. The co-managers are Morgan Keegan & Co. Inc., Morgan Stanley & Co. LLC, SunTrust Robinson Humphrey Inc., Wells Fargo Securities LLC and Wiley Bros.-Aintree Capital LLC.
The 2011A bonds are due 2012 to 2031, and the 2011B bonds are due 2012 to 2025.
Proceeds will be used to finance capital projects and to refund commercial paper issued to fund prior capital projects.
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