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New York State Thruway Authority organizes $779.32 million bond sale
By Sheri Kasprzak
New York, March 8 - The New York State Thruway Authority is set to price $779,315,000 of series 2012A second general highway and bridge trust fund bonds, according to a preliminary official statement.
The bonds (/AA/AA) will be sold on a negotiated basis with Bank of America Merrill Lynch and Loop Capital Markets LLC as the senior managers.
The co-managers are Barclays Capital Inc.; Ramirez & Co. Inc.; J.P. Morgan Securities LLC; Fidelity Capital Markets Inc.; Janney Montgomery Scott LLC; Jefferies & Co.; KeyBanc Capital Markets LLC; Stifel, Nicolaus & Co. Inc.; and Wells Fargo Securities LLC.
The bonds are due 2013 to 2032.
Proceeds will be used to reimburse the state for certain transportation projects, as well as to refund the authority's series 2002C and 2003A-B bonds.
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