N.Y. Thruway Agency Readies Year's Second Trust-Fund Deal

McDonald, Michael
June 2003
Bond Buyer;6/23/2003, Vol. 344 Issue 31662, p3
Trade Publication
In its second and final deal for 2003, the New York State Thruway Authority is selling $ 520.6 million in 20-year, fixed-rate general highway and bridge trust fund bonds called Series 2003B. The authority is expected to price the bonds in a two-day retail order period and complete the transaction in an institutional pricing. The deal earned an A-plus rating from Fitch Ratings Inc. and an AA-minus rating from Standard & Poor Corp. Just last month the Thruway Authority sold $ 476.7 million in 20-year fixed rate, insured bonds, Series 2003A, its first deal using a new lien on the general highway and bridge trust fund.


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