Tennessee scheduled to sell $170.55 million of G.O.s Wednesday

By Sheri Kasprzak

New York, Nov. 9 - The State of Tennessee plans to come to market Wednesday with $170,545,000 of series 2012 general obligation bonds, according to a preliminary official statement.

The bonds (Aaa/AA+/AAA) will be sold competitively with Public Financial Management Inc. as the financial adviser.

The sale includes $140 million of series 2012B G.O. bonds and $30,545,000 of series 2012C taxable G.O. refunding bonds.

The 2012B bonds are due 2013 to 2032. The 2012C bonds are due 2013 to 2020.

Proceeds will be used to finance capital projects in the state, retire commercial paper and refund the state's series 2005A G.O. bonds.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.