Tri-County Metropolitan Transportation District, Ore., plans $255.91 million of revenue bonds

By Sheri Kasprzak

New York, Feb. 20 - The Tri-County Metropolitan Transportation District of Oregon plans to price $255.91 million of series 2013 payroll tax and grant receipt revenue bonds, according to a preliminary official statement.

The bonds (Aa3/A+/) will be sold on a negotiated basis with Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC as the lead managers.

The bonds are due 2015 to 2018.

Proceeds will be used to construct a pedestrian and bicycle bridge between the cities of Portland and Milwaukie.

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