Kentucky State Property and Buildings Commission to sell $297.785 million in revenue bonds April 29

By Sheri Kasprzak

New York, April 22 - The Kentucky State Property and Buildings Commission intends to price $297.785 million in project 89 revenue bonds, the state treasurer's office confirmed Tuesday.

The bonds (Aa3/A+/AA-) will be sold on April 29.

The bonds will be sold on a negotiated basis with Citigroup Global Markets as the lead manager.

The commission intends to use the proceeds to finance various commonwealth capital projects and to refund previously issued state debt through the open market purchase of outstanding Kentucky Asset/Liability Commission variable-rate notes.

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