November 25, 2013 / 2:55 PM / 4 years ago

Foothill/Eastern Transportation to sell $2.26 bln of bonds Dec 9 wk

Nov 25 (Reuters) - Foothill/Eastern Transportation Corridor Agency in California is expected to issue $2.259 billion of refunding revenue bonds, with the sale tentatively planned for the week of Dec. 9, a market source said on Monday.

The issue will include series 2013A toll road refunding revenue bonds which consists of three portions, $1.354 billion of current interest bonds, $173.8 million of convertible capital appreciation bonds, and $155.3 million of capital appreciation bonds.

The agency will also sell series 2013B toll road refunding revenue bonds which will consist of $125 million of current interest bonds B-1, $125 million of current interest bonds B-2, and $125 million of current interest bonds B-3

The sale will also include $201.4 million of 2013C junior lien toll road refunding revenue bonds.

Barclays and Goldman Sachs are the joint book running managers of the sale, according to the preliminary official statement.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below