Metropolitan Washington Airports Authority to price $387 million of revenue and refunding bonds

By Sheri Kasprzak

New York, July 9 - The Metropolitan Washington Airports Authority is set to sell $387 million of series 2010 airport system revenue and refunding bonds, said a preliminary official statement.

The sale includes $215 million of series 2010A non-AMT revenue bonds and $172 million of series 2010B AMT refunding bonds.

The bonds (//AA) will be sold on a negotiated basis with Barclays Capital Inc. and J.P. Morgan Securities Inc. as the senior managers. The co-managers are Citigroup Global Markets Inc., Bank of America Merrill Lynch, Morgan Stanley & Co. Inc., Morgan Keegan & Co. Inc., Siebert Brandford Shank & Co. LLC and Wells Fargo Bank, NA.

Proceeds will be used to refinance a portion of the authority's outstanding commercial paper as well as to fund capital projects.

The D.C.-based authority operates the Washington Dulles International Airport and the Reagan National Airport.

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