North Texas Tollway Authority to sell $673.72 million revenue bonds

By Sheri Kasprzak

New York, Oct. 21 - The North Texas Tollway Authority plans to sell $673.72 million of series 2011 special projects system revenue bonds, according to a preliminary official statement.

The bonds (/AA/AA-) will be sold on a negotiated basis with J.P. Morgan Securities LLC as the lead manager. The co-managers are Barclays Capital Inc., Ramirez & Co. Inc., Bank of America Merrill Lynch, Jefferies & Co. and Rice Financial Products Co.

The bonds are due 2019 to 2033 with term bonds, the maturities of which have not been set.

Proceeds will be used to fund the construction and development of the Chisholm Trail Parkway in Fort Worth and Cleburne.

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