Central Puget Sound Regional Transit, Wash., to sell $317.23 million of refunding bonds

By Sheri Kasprzak

New York, June 29 - The Central Puget Sound Regional Transit Authority of Washington State is set to sell $317.23 million of series 2012 sales tax and motor vehicle excise tax refunding bonds, said a preliminary official statement.

The offering includes $216.37 million of series 2012P-1 sales tax and motor vehicle excise tax refunding bonds (Aa1/AAA/) and $100.86 million of series 2012S-1 sales tax refunding bonds (Aa2/AAA/).

The bonds will be sold through senior managers Bank of America Merrill Lynch, RBC Capital Markets LLC and Siebert Brandford Shank & Co.

The 2012P-1 bonds are due 2013 to 2028, and the 2012S-1 bonds are due 2016 to 2030.

Proceeds will be used to advance refund the authority's series 2005A parity bonds.

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