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Washington state plans $294.68 million federal highway revenue bonds
By Sheri Kasprzak
New York, Sept. 9 - The State of Washington is set to price $294,675,000 of series 2014C federal highway grant anticipation revenue bonds, said a preliminary official statement.
The bonds (Aa3/AA/) will be sold on a negotiated basis with BofA Merrill Lynch, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC as the underwriters.
The bonds are due 2015 to 2024.
Proceeds will be used to finance improvements to State Route 520 in Washington, which runs from Interstate 5 in Seattle to State Route 202 in Redmond.
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