Metropolitan Washington Airports to sell $400 million bonds on May 12

By Sheri Kasprzak

New York, May 3 - The Metropolitan Washington Airports Authority is expected to sell $400 million in series 2010 Dulles Toll Road revenue bonds and Dulles Metrorail and capital improvement revenue bonds on May 12, according to a sales calendar. A retail order period is set for May 11.

Citigroup Global Markets Inc. and Morgan Stanley & Co. Inc. are the senior managers.

Proceeds from the offering will be used to fund road improvements and capital improvements for the Dulles Metrorail project at Washington Dulles International Airport.

The authority, located in Arlington, Va., operates the city's two major airports, Ronald Reagan Washington National Airport and Washington Dulles International Airport.

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