Dallas Area Rapid Transit to sell $1 billion bonds, BABs June 15 week

By Sheri Kasprzak

New York, June 11 - The Dallas Area Rapid Transit is set to price its previously announced $1 billion in series 2009 revenue bonds and Build America Bonds during the week of June 15, according to a calendar of upcoming sales.

The bonds (Aa3/AAA/) will be sold through senior manager Siebert Brandford Shank & Co. LLC. The co-managers are Goldman, Sachs & Co., Loop Capital Markets LLC, First Southwest Co. Inc., Morgan Keegan & Co. Inc., Ramirez & Co. Inc., RBC Capital Markets Inc. and J.P. Morgan Securities Inc.

Proceeds will be used to make a deposit to an acquisition and expansion fund.

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