Hillsborough County Aviation Authority, Fla., to price $154.905 million Tampa airport revenue bonds Thursday

By Sheri Kasprzak

New York, April 11 - The Hillsborough County Aviation Authority in Florida plans to sell $154.905 million in series 2008 Tampa International Airport revenue bonds on April 17, according to a calendar of bond sales.

The authority will sell the bonds (//AA-) on a negotiated basis with Bear, Stearns & Co. as the lead manager. The co-managers for the sale are Citigroup Global Markets, Goldman, Sachs & Co., JPMorgan, Raymond James & Associates and Siebert Brandford Shank & Co.

The sale for Thursday includes $137.635 million in series 2008A bond and $17.27 million in series 2008B bonds. The bonds are due from 2024 to 2028 with term bonds due 2033 and 2038.

The authority also intends to sell $34.28 million in series 2008C and $11.075 million in 2008D non-AMT refunding bonds during the week of April 28.

Proceeds will be used to finance improvements to the Tampa airport's economy parking garage, cargo roadways, east-side cargo area and north terminal complex site.

The proceeds from the 2008C and 2008D bonds will redeem the authority's series 2006C and 2006D variable-rate revenue refunding bonds.

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