MISSISSIPPI

The state will probably come to market on Nov. 16 with a $75 million competitive issue of general obligation debt, Mary Keen, the director of Mississippi's state bond advisory division, said last week.

Keen said the issuance date must first be approved by the state's three-person Bond Commission, but that she expected approval to be forthcoming at the commission's next meeting on Oct. 25. The commission comprises Gov. Kirk Fordice, Treasurer Marshall Bennett, and Attorney General Mike Moore.

The $75 million is the second installment of a total of $231.7 million of GOs authorized for issuance earlier this year by the state legislature.

Mississippi sold its first installment of the authorization, a $50 million offering, in June. Keen said she expects the third and final installment, $106.7 million, to be sold by the summer of next year.

Each issue covers funding for a variety of building projects.

-- Donald Yacoe, Atlanta

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.