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Port Authority of New York and New Jersey to sell $400 million in consolidated bonds Wednesday
By Sheri Kasprzak
New York, May 1 - The Port Authority of New York and New Jersey plans to price $400 million in series 152 consolidated bonds on Wednesday, a preliminary official statement said Thursday.
The bonds (A1/AA-/AA-) will be sold on a competitive basis and are due in a serial structure from 2018 to 2037 with a term bond due 2038.
Proceeds from the sale will be used for capital projects for the Port Authority.
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