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Nashville and Davidson County, Tenn., offers $290 million bonds
By Cristal Cody
Prospect News, July 23 - The Metropolitan Government of Nashville and Davidson County of Tennessee plans to price $290 million in two tranches of refunding bonds (Aa1/AA/), according to a preliminary official statement.
The deal includes $55 million of series 2012A district energy system revenue and tax refunding bonds due 2013 through 2033 and $235 million of series 2012B general obligation refunding bonds due 2013 though 2027.
Piper Jaffray & Co. is the senior manager of the negotiated sale. Co-managers are Jefferies & Co., Raymond James/Morgan Keegan, Duncan-Williams, Inc., Siebert Brandford Shank & Co., LLC and U.S. Bancorp.
Proceeds will be used to refund the outstanding series 2002A district energy system revenue bonds and to advance refund certain maturities of the outstanding series 2005A G.O. bonds, series 2005 G.O. refunding bonds and series 2007A G.O. refunding bonds.
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