Delaware Transportation Authority to sell $117.7 million bonds June 2

By Sheri Kasprzak

New York, May 20 - The Delaware Transportation Authority is scheduled on June 2 to price $117.7 million in series 2009A transportation system senior revenue bonds, according to a notice of sale released Wednesday.

The sale will be conducted competitively with Public Financial Management Inc. as the financial adviser.

The bonds are due 2011 to 2029.

Proceeds will be used for the authority's capital program, as well as for a deposit to the debt service reserve fund.

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