New Jersey Transportation Trust Fund to sell $1.4 billion transportation system bonds Thursday

By Sheri Kasprzak

New York, Oct. 12 - The New Jersey Transportation Trust Fund is set to price $1,395,500,000 in series 2010 transportation system bonds on Thursday, according to a source familiar with the deal.

The offering includes $929.055 million in series 2010C Build America Bonds, $464.455 million in series 2010D bonds and $1.99 million in series 2010E federally taxable bonds.

Barclays Capital Inc. is the senior manager for the bonds (//AA-).

Proceeds will be used to finance capital improvement projects, as well as to refund existing debt.

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