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Tennessee plans $223.22 million offering of taxable G.O. bonds
By Sheri Kasprzak
New York, Oct. 11 - The State of Tennessee is expected to price $223.22 million of series 2011C taxable general obligation bonds during the week of Oct. 10, according to a preliminary official statement.
The bonds will be sold through J.P. Morgan Securities LLC and Goldman Sachs & Co. The co-managers are Bank of America Merrill Lynch, Siebert Brandford Shank & Co. LLC and Stephens Inc.
The bonds are due 2012 to 2031.
Proceeds will be used to finance capital projects, as well as to refund the state's series 2002B, 2003B and 2005A bonds.
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