Albany County ready for pricing of $83.435 million airport revenue bonds

By Cristal Cody

Springdale, Ark., Jan. 22 - Albany County Airport Authority in New York will price its $83.435 million airport revenue bonds on Monday, a source with the authority's bond's program told Prospect News.

The variable rate refunding series 2008A bonds have a floating rate that will reset weekly.

The term bonds, under sale as a competitive issue, have serial maturities from Dec. 15, 2008, through 2023, J. Dwight Hadley, chief financial officer of the airport authority, said Tuesday.

The financial advisor is Depfa First Albany Securities LLC in New Albany, N.Y.

Proceeds will be used to help refund the authority's outstanding series 1997 bonds in February, as well as fund a debt service reserve.

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