Wayne County Airport, Mich., plans $126.97 million of refunding bonds

By Sheri Kasprzak

New York, Nov. 9 - The Wayne County Airport Authority of Michigan is expected to sell $126.965 million of series 2011airport revenue refunding bonds, according to a preliminary official statement.

The sale includes $110.26 million of series 2011A AMT bonds and $16.705 million of series 2011B non-AMT bonds.

The 2011A bonds are due 2019 to 2021. The 2011B bonds are due 2014 to 2020.

J.P. Morgan Securities LLC and Citigroup Global Markets Inc. are the senior managers. The co-managers are Siebert Brandford Shank & Co. LLC and Wells Fargo Securities LLC.

Proceeds will be used to refund the authority's series 1998A and 2002C airport revenue bonds.

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