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New Jersey Economic Development to price $400 million notes on Monday
By Sheri Kasprzak
New York, June 11 - The New Jersey Economic Development Authority plans to price $400 million in series 2009A school facilities construction notes on Monday, according to a preliminary official statement.
The notes (MIG1/SP-1+/) will be sold on a competitive basis with Powell Capital Markets Inc. as the financial adviser.
The notes are due June 18, 2010.
Proceeds will be used to fund school construction projects throughout the state.
The authority has its headquarters in Trenton.
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