Louisville and Jefferson, Ky., sewer district plans $230 million bonds

By Sheri Kasprzak

New York, April 19 - The Louisville and Jefferson County Metropolitan Sewer District of Kentucky plans to price $230 million of series 2013 sewer and drainage revenue bonds on Tuesday, according to a preliminary official statement.

The deal includes $111.44 million of series 2013A bonds and $118.56 million of series 2013B bonds.

The bonds (Aa3/AA/AA-) will be sold competitively with J.J.B. Hilliard, W.L. Lyons Inc. as the financial adviser.

The 2013A bonds are due 2035 to 2036. The 2013B bonds are due 2016 to 2026 and 2037 to 2038.

Proceeds will be used to refund the district's series 2001A, 2004A and 2005A revenue bonds, which were initially issued to finance sewer system improvements.

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