New York State Thruway to sell $362.705 million bonds Wednesday

By Sheri Kasprzak

New York, Aug. 26 - The New York State Thruway Authority plans to price $362.705 million in series 2008A state personal income tax revenue bonds Wednesday, according to a calendar of offerings.

The bonds (/AAA/AA-) will be sold on a negotiated basis with Merrill Lynch and Loop Capital markets as the senior managers. Banc of America Securities LLC, Lehman Brothers, Raymond James, Citigroup Global Markets, Depfa First Albany, J.P. Morgan Securities Inc., RBC Capital Markets, Roosevelt & Cross and Siebert Brandford Shank & Co. are the co-managers.

The bonds are due from 2009 to 2028.

Proceeds will be used for capital improvements to certain transportation projects in the state.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.