TTFA Selling $2.8B

Squire, Aurin
May 2006
Bond Buyer;5/22/2006, Vol. 356 Issue 32386, p35
Trade Publication
The article reports on the plan of the New Jersey Transportation Trust Fund Authority to sell 2.8 billion dollar bonds for use in debt restructuring and refinancing. Proceeds will also be used for renovation and repairs for highways and bridges. According to Fitch Ratings Inc., the offering will consist of 1.6 billion dollars of Series A tax-exempt transportation system bonds, 1.1 billion dollars of Series C bonds, and 109.4 million dollars of taxable Series B bonds.


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