Metro Washington Airports to price $338.18 million bonds Tuesday

By Sheri Kasprzak

New York, June 11 - The Metropolitan Washington Airports Authority is set to sell $338.175 million in series 2009C airport system revenue bonds on Tuesday, according to an offering calendar.

The bonds (Aa3/AA-/AA) will be sold through lead manager Piper Jaffray & Co.

The co-managers are Barclays Capital Inc., Morgan Keegan & Co. Inc., Wachovia Bank, Citigroup Global Markets Inc., J.P. Morgan Securities Inc., Loop Capital Markets LLC, Morgan Stanley & Co. Inc. and Siebert Brandford Shank & Co. LLC.

Proceeds will be used to refund the authority's flexible-term passenger facility charge revenue notes, as well as make a deposit to a debt service reserve fund.

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