San Diego County Regional Transportation preps $350 million bond sale

By Sheri Kasprzak

New York, Aug. 1 – The San Diego County Regional Transportation Commission is expected to price $350 million of series 2014A sales tax revenue bonds, according to a preliminary official statement.

The bonds (/AAA/AAA) will be sold on a negotiated basis with Citigroup Global Markets Inc. as the senior manager and BofA Merrill Lynch, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC as the co-managers.

The bonds are due 2015 to 2034 with term bonds due in 2039, 2044 and 2048.

Proceeds will be used to finance highway improvements to the Interstate 5, 15, 805 State Route 52 and 76 corridors, as well as to retire subordinate commercial paper notes.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.