North Texas Tollway Authority to sell $1.03 billion of notes and bonds

By Sheri Kasprzak

New York, March 30 - The North Texas Tollway Authority is gearing up to price $1,028,781,540.90 of series 2011 revenue bonds and taxable bond anticipation notes, said a preliminary official statement.

The offering includes $606,466,540.90 of series 2011 special projects revenue bonds and $422.315 million of series 2011 taxable bond anticipation notes.

Citigroup Global Markets Inc. is the senior manager for the offering. The co-managers are Barclays Capital Inc.; Estrada Hinojosa & Co. Inc.; Loop Capital Markets LLC; Morgan Keegan & Co. Inc.; Morgan Stanley & Co. Inc.; and Ramirez & Co. Inc.

The maturities have not been set.

Proceeds will be used to make an upfront payment to the Texas Department of Transportation for the authority's right to own and operate an 11.5-mile toll stretch of State Highway 161 in western Dallas County, extending from State Highway 183 to Interstate 20.

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