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North Carolina Department of Transportation offers $100 million bonds
By Sheri Kasprzak
New York, May 4 – The North Carolina Department of Transportation is expected to price $100 million of series 2015 I-77 HOT Lanes project tax-exempt private activity revenue bonds, according to a preliminary official statement.
The bonds (//BBB-) will be sold on a negotiated basis with Citigroup Global Markets Inc. and Goldman, Sachs & Co. as the senior managers.
The bonds are due 2026, 2027, 2028, 2029, 2030, 2037 and 2054.
Proceeds will be used to construct, develop and equip high-occupancy toll lanes on Interstate 77.
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