Bonds

Bond Offering

Kentucky Association of Counties Leasing Trust Lease Program Revenue Bonds Variable Rate 2008 Series A

Offering Summary

Bond Details

Par Amount
$75,000,000
Retail Order Period Begins
No early retail period
Sale Date
December 9, 2008
Closing Date
December 10, 2008
Method of Sale
Competitive
Bond Type
Variable Rate
Tax Status
Exempt

Additional Information

$35,000,000 of the proceeds from the $75,000,000 Kentucky Association of Counties Leasing Trust (“CoLT”) Lease Program Revenue Bonds, Variable Rate 2008 Series A were used to fund a Lease Agreement dated February 20, 2009 between CoLT, as lessor, and the University of Kentucky, as lessee. The University of Kentucky used the proceeds to finance the acquisition of the Samaritan Hospital properties located in Lexington, Kentucky.