New Jersey Turnpike Authority to sell $205.75 million revenue bonds

By Sheri Kasprzak

New York, July 22 – The New Jersey Turnpike Authority is expected to price $205,745,000 of series 2014C turnpike revenue bonds, according to a preliminary official statement.

The bonds (A3) will be sold on a negotiated basis with Citigroup Global Markets Inc. and RBC Capital Markets LLC as the senior managers. The co-managers are Loop Capital Markets LLC, Mesirow Financial Inc., PNC Capital Markets LLC and Raymond James/Morgan Keegan.

The bonds are due 2019 to 2025.

Proceeds will be used to refund the authority’s series 2005C revenue bonds.

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