Metropolitan Airports Commission, Minn., offers $136.55 million bonds

By Sheri Kasprzak

New York, July 21 - The Metropolitan Airports Commission of Minnesota is expected to price $136.55 million in series 2010 senior airport revenue bonds, according to a preliminary official statement.

The bonds will be sold on a negotiated basis with Barclays Capital Inc. and Piper Jaffray & Co. as the senior managers. The co-managers are Citigroup Global Markets Inc., J.P. Morgan Securities Inc., RBC Capital Markets Corp. and Wells Fargo Securities LLC.

The bonds will be sold in four tranches, 2010A-D, but the exact breakdown could not be determined.

Proceeds will be used to finance capital improvements and to repay existing commercial paper notes.

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