New Jersey Turnpike plans $736.11 million revenue bond sale

By Sheri Kasprzak

New York, April 9 - The New Jersey Turnpike Authority plans to price $736,105,000 of series 2013 turnpike revenue bonds, according to a preliminary official statement.

The deal includes $271 million of series 2013C Sifma index bonds, $225 million of series 2013D Sifma index bonds, $150 million of series 2013E Sifma index bonds and $90,105,000 of series 2013F fixed-rate bonds.

The bonds will be sold through Citigroup Global Markets Inc. with RBC Capital Markets LLC, PNC Capital Markets LLC, Raymond James/Morgan Keegan, Loop Capital Markets LLC and Mesirow Financial Inc.

The 2013C bonds are due 2017 to 2018. The 2013D bonds are due 2022 to 2024. The 2013E bonds are due 2022 to 2024. The 2013F bonds are due 2026 to 2035.

Proceeds will be used to refund the authority's series 2003C-1 revenue bonds, series 2005C revenue bonds and 2012D-E revenue bonds.

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