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Metropolitan Washington Airports plans $191.99 million refunding bonds
By Sheri Kasprzak
New York, Sept. 12 - The Metropolitan Washington Airports Authority, D.C., is expected to price $191.99 million of series 2011 airport system refunding revenue bonds, according to a preliminary official statement.
The deal includes $133.685 million of series 2011C AMT refunding bonds, $9.42 million of series 2011D non-AMT refunding bonds and $48.885 million of series 2011E taxable bonds.
The bonds (Aa3/AA-/AA-) will be sold on a negotiated basis with J.P. Morgan Securities LLC as the senior manager. The co-managers are Bank of America Merrill Lynch, Barclays Capital Inc., Citigroup Global Markets Inc., Loop Capital Markets LLC, Morgan Keegan & Co. Inc., Morgan Stanley & Co. LLC, Siebert Brandford Shank & Co. LLC and Wells Fargo Securities LLC.
The maturities have not been set.
Proceeds will be used to refund all or a portion of the authority's series 1998B and 2001A-B airport system revenue bonds.
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