New Jersey Transit to price $344.9 million bonds Aug. 4 week

By Sheri Kasprzak

New York, Aug. 4 - New Jersey Transit intends to price $344.9 million in bonds later this week, according to a calendar of upcoming offerings.

The bonds will be sold on a negotiated basis through the New Jersey Economic Development Authority.

Morgan Stanley is the senior manager of the sale.

The proceeds will be used for construction and development of New Jersey Transit's light rail conversion project.

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