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New York State Thruway organizes $1.59 billion general revenue bonds
By Sheri Kasprzak
New York, Dec. 5 - The New York State Thruway Authority plans to sell $1,589,000,000 of series 2013A general revenue junior indebtedness obligations, according to a preliminary official statement.
The bonds (A3/A-/) will be sold on a negotiated basis with Citigroup Global Markets Inc. and Loop Capital Markets LLC as the senior managers. The co-managers are BofA Merrill Lynch; Morgan Stanley & Co. LLC; RBC Capital Markets LLC; Wells Fargo Securities LLC; M.R. Beal & Co. LLC; CastleOak Securities LP; Goldman, Sachs & Co.; Janney Montgomery Scott LLC; Ramirez & Co. Inc.; and Roosevelt & Cross Inc.
The bonds are due May 1, 2019.
Proceeds will be used to fund the construction of a new New York bridge project.
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