Port Authority of N.Y., N.J., to sell $500 million bonds July 23

By Sheri Kasprzak

New York, July 17 - The Port Authority of New York and New Jersey intends to price $500 million in series 153 consolidated bonds on July 23, according to a preliminary official statement.

The bonds will be sold on a competitive basis and are due in a serial structure from 2018 to 2038.

Proceeds from the sale will be used for capital improvements, as well as for refunding existing obligations of the authority.

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