Alabama Federal Aid Highway Finance arranges $336.92 million bond deal

By Sheri Kasprzak

New York, Nov. 20 - The Alabama Federal Aid Highway Finance Authority is expected to price $336.92 million of series 2012 federal highway grant anticipation bonds, according to a preliminary official statement.

The bonds (Aa3/AA/) will be sold on a negotiated basis with Goldman, Sachs & Co. as the senior manager. The co-managers are RBC Capital Markets LLC, Sterne Agee & Leach Inc., The Frazier Lanier Co. Inc., Loop Capital Markets LLC, Merchant Capital LLC and Prospective Securities.

The bonds are due 2013 to 2026.

Proceeds will be used to finance road and bridge projects within the state.

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