Regional Transportation, Colo., to sell $404 million bonds Thursday

By Sheri Kasprzak

New York, July 30 - The Regional Transportation District of Colorado is set to sell its previously announced $404 million in series 2010 tax-exempt private activity bonds on Thursday, according to a sales calendar.

The bonds (Baa3/BBB-/) will be sold on a negotiated basis with Barclays Capital Inc. as the senior manager and Bank of America Merrill Lynch as the co-manager.

The bonds are due 2022, 2026, 2031, 2036 and 2041.

Proceeds will be used to construct commuter rail projects in Denver, which will be operated by a private company or consortium.

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