By Sheri Kasprzak
New York, May 18 - The Metropolitan Washington Airports Authority sold $342.6 million in series 2010 Dulles Toll Road and Dulles Metrorail revenue bonds, according to a pricing sheet and a source familiar with the deals. The authority had intended to price $400 million of the bonds last week.
The authority priced $192.6 million in Dulles Toll Road revenue bonds through Citigroup Global Markets Inc. The full pricing details for those bonds were not immediately available Tuesday.
Morgan Stanley & Co. Inc. also sold $150 million in 8% Dulles Metrorail and capital improvement revenue bonds. Those bonds are due 2047 and were priced at par.
Proceeds from the sale will be used to fund road improvements and capital improvements for the Dulles Metrorail project at the Washington Dulles International Airport.
The Washington, D.C.-based authority operates the city's two major airports.
| Issuer: | Metropolitan Washington Airports Authority
|
| Issue: | Series 2010 Dulles Toll Road and Dulles Metrorail revenue bonds
|
| Amount: | $342.6 million
|
| Type: | Negotiated
|
| Underwriters: | Citigroup Global Markets Inc. and Morgan Stanley & Co. Inc. (lead)
|
| Pricing date: | May 18
|
|
|
| Series 2010D Dulles Metrorail and capital improvement bonds
|
| Maturity | Type | Coupon | Price
|
| 2047 | Term | 8% | 100
|
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