Oklahoma DOT to sell $98.26 million GANs Nov. 19

By Sheri Kasprzak

New York, Nov. 12 - The Oklahoma Department of Transportation is expected to price $98.26 million in series 2008A grant anticipation notes on Nov. 19, according to a preliminary official statement.

The notes (Aa3//A+) will be sold on a negotiated basis with J.P. Morgan Securities Inc. as the lead manager. The co-managers are BOSC Inc., Capital West Securities Inc., RBC Capital Markets and Wachovia Bank.

The notes are due 2009 to 2021.

Proceeds from the sale will be used for construction costs associated with qualified federal aid transportation projects.

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