Wayne County Airport Authority in Detroit plans to price $145 million airport revenue refunding bonds

By Cristal Cody

Springdale, Ark., April 18 - The Wayne County Airport Authority in Detroit plans to price $145 million airport revenue refunding bonds, according to a preliminary official statement.

The final pricing date is still under consideration for the series 2008A Detroit Metropolitan Wayne County Airport bonds, a source said.

The bonds are insured through Assured Guaranty Corp.

Citigroup Global Markets is the senior manager of the negotiated sale.

Wachovia Securities, J.P. Morgan Securities Inc. and Siebert Brandford Shank & Co. are co-managers.

Proceeds will be used to refund portions of the outstanding $141.72 million series 2002A airport revenue bonds.

The authority also expects to price variable-rate demand senior-lien bonds in the second quarter of 2008 to refund $327.65 million of auction-rate bonds that are insured by XL Capital Assurance.

© 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.