Notice of Issuance of Approximately $500 Million Taxable Revenue Bonds in August 2021

July 21, 2021

Notice of Issuance of Approximately $500 Million Taxable Revenue Bonds in August 2021

The Kansas Development Finance Authority (the "Authority") anticipates the issuance of approximately $500 million Taxable Revenue Bonds (State of Kansas - KPERS), Series 2021K (the “Bonds”) in or around August 2021, as authorized by House Bill 2405 of the 2021 Kansas Legislature and applicable statutes. Proceeds of the Bonds, if issued, will fund a portion of the unfunded actuarial pension liability of the Kansas Public Employees Retirement System.  The amortization of the Bonds is anticipated to be level debt service with a 30-year final maturity. 

The Authority has engaged Citigroup Global Markets Inc. as book-running senior manager on the transaction, and Robert W. Baird & Co. Incorporated, BofA Securities Inc., J.P. Morgan Securities LLC, Wells Fargo Securities, and KeyBanc Capital Markets Inc. to serve as co-managers. 

This notice does not constitute an offer to sell or the solicitation of an offer to buy any securities.   The Bonds may only be purchased pursuant to an official statement with respect to the Bonds. 

This information is subject to change without notice and the Authority reserves the right to change or modify these plans without notice.  By giving this notice, the Authority is not undertaking to (i) update this notice in any respect,(ii) give any notice with respect to the pending issuance of any other bonds before, concurrently or after any issuance of the Bonds, or (iii) give any similar notice in the future.