Maryland Transportation to price $551.15 million revenue bonds Thursday

By Sheri Kasprzak

New York, Dec. 3 - Maryland Transportation Authority plans to price $551.145 million in series 2009 transportation facilities projects revenue bonds on Thursday, according to a sales calendar.

The sale includes $69.335 million in series 2009A tax-exempt bonds and $481.81 million in series 2009B Build America Bonds.

Goldman, Sachs & Co. and Merrill Lynch & Co. are the lead managers for the bonds (Aa3/AA-/AA-). The co-managers include Citigroup Global Markets Inc., Loop Capital Markets LLC and M&T Securities Inc.

The 2009A bonds are due 2017 to 2022 and the 2009B bonds are due 2033 and 2043.

Proceeds will be used to fund a variety of transportation improvements.

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