Missouri highways commission to price $150 million road bonds Monday

By Sheri Kasprzak

New York, Nov. 14 - The Missouri Highways and Transportation Commission is expected to sell $150 million in series 2008A federal reimbursement state road bonds on Monday, according to a preliminary official statement.

The bonds (Aa2/AA/AA-) will be sold on a negotiated basis with Citigroup Global Markets as the lead manager. The co-managers are Banc of America Securities LLC, Merrill Lynch & Co., George K. Baum & Co., Loop Capital Markets, Stifel Nicolaus and Valdes & Moreno Inc.

The bonds are due 2011 to 2025.

Proceeds will be used to reimburse the state for the costs of road improvements.

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