Triborough Bridge and Tunnel, N.Y., to price $346.96 million bonds

By Sheri Kasprzak

New York, Oct. 14 - The Triborough Bridge and Tunnel Authority of New York is expected to bring to market $346.96 million in series 2010A general revenue bonds on Wednesday, according to a preliminary official statement.

The offering is comprised of $66.56 million in series 2010A-1 revenue bonds and $280.4 million in series 2010A-2 Build America Bonds.

The bonds (Aa2//AA) will be sold competitively with Lamont Financial Services Corp. as the financial adviser.

The 2010A-1 bonds are due 2011 to 2020, and the 2010A-2 bonds are due 2021 to 2040.

Proceeds will be used to finance capital transportation projects, as well as to refinance the Metropolitan Transportation Authority Bridge and Tunnels' general revenue bond anticipation notes.

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