Arizona Transportation Board to sell $440 million revenue bonds Tuesday for Maricopa road fund

By Sheri Kasprzak

New York, May 28 - The Arizona Transportation Board is scheduled to sell $440 million in series 2009 transportation excise tax revenue bonds for the Maricopa County Regional Area Road Fund on Tuesday, said a calendar of sales. A retail order period is set for Monday.

The bonds (Aa2/AA+/) will be sold through lead manager Morgan Stanley & Co. Inc.

Proceeds will be used for the fund's improvement projects.

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