Wayne County Airport Authority in Detroit to price $145 million revenue refunding bonds on Wednesday

By Cristal Cody

Springdale, Ark., April 21 - The Wayne County Airport Authority in Detroit expects to price $145 million airport revenue refunding bonds on Wednesday, the issuer told Prospect News.

The series 2008A Detroit Metropolitan Wayne County Airport 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 that were insured by Financial Guaranty Insurance Co., said Terry Teifer, vice president of treasury operations.

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