District of Columbia plans to price $160 million revenue bonds for National Public Radio

By Sheri Kasprzak

New York, March 11 - The District of Columbia is set to price $160 million in series 2010 revenue bonds for National Public Radio, according to a preliminary official statement.

The bonds (Aa3/AA-/) will be sold on a negotiated basis with Morgan Stanley & Co. Inc. as the lead manager. The co-managers are Loop Capital Markets LLC and J.P. Morgan Securities Inc.

The bonds will be offered in two tranches, but the exact breakdown of those tranches is not currently available.

The maturities have not been set.

Proceeds will be used to fund a loan to NPR to renovate, construct, equip and upgrade NPR's facilities in Washington, D.C.

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