New York State Thruway Authority to sell $350 million of revenue bonds

By Sheri Kasprzak

New York, Aug. 29 - The New York State Thruway Authority plans to sell $350 million of series 2011A state personal income tax revenue bonds, according to a preliminary official statement.

The bonds will be sold on a negotiated basis with Siebert Brandford Shank & Co. LLC as the senior manager. The co-managers are Barclays Capital Inc.; Goldman, Sachs & Co.; J.P. Morgan Securities LLC; Wells Fargo Securities LLC; M.R. Beal & Co.; Jackson Securities Inc.; Morgan Keegan & Co. Inc.; Morgan Stanley & Co. Inc.; Raymond James & Associates Inc.; and Roosevelt & Cross Inc.

The bonds are due 2012 to 2026.

Proceeds will be used to make grants to reimburse municipalities and other project sponsors for highway, bridge and multi-modal projects.

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