Metro Washington Airports to sell $175 million revenue bond Tuesday

By Sheri Kasprzak

New York, Oct. 27 - The Metropolitan Washington Airports Authority plans to price its previously announced $175 million in series 2008B revenue bonds on Tuesday, according to a calendar of offerings.

The bonds (Aa3/AA-/AA-) will be sold through senior manager Siebert Brandford Shank & Co.

The proceeds will be used to pay for capital project costs, capitalized interest on outstanding bonds, a deposit to a reserve account and costs to terminate interest rate swap agreements with Wachovia Bank and the Bank of Montreal.

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