New York State Thruway Authority to price $206.05 million bonds

By Sheri Kasprzak

New York, Feb. 10 - The New York State Thruway Authority plans to price $206.05 million in series 2009A second general highway and bridge trust fund bonds, according to a preliminary official statement released Tuesday.

The bonds (/AA/AA-) will be sold on a negotiated basis with Banc of America Securities LLC and Jackson Securities Inc. as the senior managers. The co-managers are Goldman, Sachs & Co.; RBC Capital Markets Corp.; Siebert Brandford Shank & Co. LLC; Citigroup Global Markets Inc.; Depfa First Albany Securities LLC; J.P. Morgan Securities Inc.; Morgan Stanley & Co. Inc.; M.R. Beal & Co.; and Southwest Securities Inc.

The bonds are due 2010 to 2029.

Proceeds will be used to reimburse the state for costs to be made by the state Department of Transportation for the state's highway and bridge capital program.

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