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North Texas Tollway coordinates $750 million sale of refunding bonds
By Sheri Kasprzak
New York, Sept. 1 – The North Texas Tollway Authority is set to price $750 million of series 2015B system first-tier revenue refunding bonds, according to a preliminary official statement.
The bonds (A1/A/) will be sold on a negotiated basis with Barclays and Loop Capital Markets LLC as the senior managers. The co-managers are BofA Merrill Lynch, Goldman Sachs & Co., Jefferies & Co. and RBC Capital Markets LLC.
The bonds are due 2016 to 2035.
Proceeds will be used to refund a portion of the authority’s series 2008A-B and 2009A revenue bonds.
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