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North Texas Tollway Authority to sell $1 billion in bonds Thursday
By Sheri Kasprzak
New York, May 23 - The North Texas Tollway Authority plans to price $1 billion in series 2008F second-tier revenue refunding bonds on Thursday, said a preliminary official statement.
The bonds (Aa3/BBB+/) will be sold on a negotiated basis with Lehman Brothers as the lead manager. The co-managers will be Citigroup Global Markets, Estrada Hinojosa & Co., First Southwest, Morgan Keegan & Co., M.R. Beal & Co., Southwest Securities and Wachovia Bank.
The bonds are due 2030 to 2038.
Proceeds will be used for refunding outstanding bonds.
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