Metro Washington Airports to price $175 million bonds Wednesday

By Sheri Kasprzak

New York, Sept. 29 - The Metropolitan Washington Airports Authority is expected to sell its previously announced $175 million in series 2008B revenue bonds on Wednesday, according to a calendar of upcoming deals.

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

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

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