Metropolitan Washington Airports Authority, D.C., to sell $1.19 billion Dulles Toll Road bonds in Aug. 3 week

By Aaron Hochman-Zimmerman

New York, July 31 - The Metropolitan Washington Airports Authority, D.C., will sell $1.186 billion in series 2009 Dulles Toll Road revenue bonds in two tranches (Baa1/BBB+/) during the week of Aug. 3, according to a calendar of upcoming sales.

An $826.95 million tax-exempt revenue and Build America Bond issue will be managed by Citigroup Global Markets Inc. and will price on Tuesday.

A $359.53 million second senior lien issue of revenue and Build America Bonds will be sold via Morgan Stanley & Co. Inc. on Wednesday.

Barclays Capital Inc.; BB&T Capital Markets Inc.; Davenport & Co. LLC; Estrada Hinojosa & Co. Inc.; J.P. Morgan Securities Inc.; Loop Capital Markets LLC; Merrill Lynch & Co. Inc.; Mesirow Financial; Morgan Keegan & Co. Inc.; Rice Financial Products Co.; Siebert Brandford Shank & Co. LLC; and Wachovia Bank, NA will act as co-managers.

Proceeds will be used for capital improvements to the Dulles Toll Road.

The Metropolitan Washington Airports Authority is located in Washington D.C.

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