Georgia State Road and Tollway Authority to price $355.14 million of bonds Wednesday

By Sheri Kasprzak

New York, March 4 - The Georgia State Road and Tollway Authority is scheduled to price $355.135 million of series 2011 revenue refunding bonds on Wednesday, said a preliminary official statement.

The offering includes $203.46 million of series 2011A bonds and $151.675 million of series 2011B bonds.

The bonds (AAA) will be sold competitively with Public Resources Advisory Group as the financial adviser.

The 2011A bonds are due 2013 to 2021 and the 2011B bonds are due 2015 to 2022.

Proceeds will be used to refund the authority's series 2003 bonds.

The Atlanta-based authority operates and maintains Georgia State Highway 400 in the metropolitan Atlanta area.

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