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New York State Thruway readies $850 million revenue obligation offering
By Sheri Kasprzak
New York, April 22 – The New York State Thruway Authority is set to price $850 million of series 2016A general revenue junior obligations, according to a preliminary official statement.
The bonds (A3/A-/) will be sold through senior managers Citigroup Global Markets Inc. and Siebert Brandford Shank & Co. LLC. The co-managers are BofA Merrill Lynch, Morgan Stanley & Co. LLC, Ramirez & Co. Inc., Fidelity Capital Markets Inc., Goldman, Sachs & Co., Janney Montgomery Scott LLC, RBC Capital Markets LLC, Roosevelt & Cross Inc. and Wells Fargo Securities LLC.
The bonds are due 2033 to 2041 with term bonds due in 2046, 2051 and 2056.
Proceeds will be used to finance the construction of the new New York bridge project.
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