Capitol Repair Bonds To Be Offered For Sale
Approximately $50 million of the $120 million of bonds authorized to finance repair of the State Capitol will be offered for sale Wednesday and Thursday, State Bond Advisory Jim Joseph announced Friday.
The bonds will be sold to an underwriting group headed by BOSC, Inc., a subsidiary of BOK Financial Corp. Other members of the underwriting team include RBC Capital Markets and Wells, Nelson & Associates.
According to Joseph, The bonds are not subject to redemption prior to maturity and will mature each January 1 in the years 2016 through 2025. Security for the bonds, which are rated "AA" by both Standard & Poor's Corporation and Fitch Ratings, will be provided by annual appropriations from the Legislature, he said.
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