North Texas Tollway Authority to sell $124.62 million bonds Wednesday

By Sheri Kasprzak

New York, June 23 - The North Texas Tollway Authority intends to price $124.62 million in series 2008G first-tier revenue refunding bonds on Wednesday, said a preliminary official statement.

The bonds (A2/A-/) will be sold on a negotiated basis with Citigroup Global Markets and Lehman Brothers as the lead managers. The co-managers are Estrada Hinojosa & Co., First Southwest Co., Morgan Keegan & Co., M.R. Beal & Co., Southwest Securities and Wachovia Bank.

The bonds are due Jan. 1, 2038.

Proceeds will be used to refund the Dallas North Tollway System's series 2003B revenue refunding bonds.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.