South Dakota Conservancy to price $60.21 million revolving fund bonds

By Sheri Kasprzak

New York, Oct. 2 – The South Dakota Conservancy District is set to price $60.21 million of series 2014 state revolving fund program bonds, according to a preliminary official statement.

The bonds (/AAA/) will be sold on a negotiated basis with J.P. Morgan Securities LLC and Wells Fargo Securities LLC as the underwriters.

The offering includes $9.08 million of series 2014A taxable bonds and $51.13 million of series 2014B tax-exempt bonds.

The 2014A bonds are due 2015 to 2019, and the 2014B bonds are due 2015 to 2034.

Proceeds will be used to make clean and drinking water project loans to qualified recipients within the state.

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