North Texas Tollway to price $350 million revenue refunding bonds

By Cristal Cody

Tupelo, Miss., Oct. 16 - The North Texas Tollway Authority plans to price $350 million in revenue refunding bonds, according to a preliminary official statement released Thursday.

The sale includes series 2008K first-tier current interest bonds and series 2008L first-tier put bonds.

Citigroup Global Markets is the senior manager of the negotiated sale. Co-managers are Barclays Capital, Estrada Hinojosa & Co., First Southwest Co., Morgan Keegan & Co., M.R. Beal & Co., Southwest Securities and Wachovia Bank, NA.

The proceeds will be used to refund the series 2007 bond anticipation notes, to refund a portion of outstanding commercial paper notes and to fund the development and construction of highway projects.

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