Dallas and Fort Worth, Texas, to sell $106.3 million of airport bonds

By Sheri Kasprzak

New York, Oct. 24 - The cities of Dallas and Fort Worth, Texas, are set to sell $106.295 million of series 2011E Dallas/Fort Worth International Airport taxable joint revenue refunding bonds on Tuesday, according to a preliminary official statement.

The bonds (A1/A+/A+) will be sold on a negotiated basis with Citigroup Global Markets Inc. and Ramirez & Co. Inc. as the underwriters.

The bonds are due 2012 to 2018.

Proceeds will be used to refund the airport's series 2003C-1 and 2003C-2 revenue bonds.

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