Nov 25 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
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