New York State Thruway to price $450.68 million of bonds Thursday

By Sheri Kasprzak

New York, May 22 - The New York State Thruway Authority is scheduled on Thursday to price $450.68 million in series 2009A state personal income tax revenue bonds, according to a preliminary official statement.

The bonds (/AAA/AA-) will be sold on a negotiated basis with RBC Capital Markets Corp. and Loop Capital Markets LLC as the senior managers.

The co-managers are Merrill Lynch & Co. Inc.; Morgan Stanley & Co. Inc.; Siebert Brandford Shank & Co. LLC; M.R. Beal & Co. Inc.; Goldman, Sachs & Co.; J.P. Morgan Securities Inc.; Roosevelt & Cross Inc.; Southwest Securities Inc.; and Wachovia Bank.

The bonds are due 2010 to 2029.

Proceeds will be used to reimburse local governments for capital expenses for highway improvements.

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