New Issue: Grand Parkway Transportation, Texas, sells $733.47 million of toll BANs

By Sheri Kasprzak

New York, Feb. 4 - The Grand Parkway Transportation Corp. of Texas sold $733,465,000 of series 2014A subordinate tier toll revenue refunding bond anticipation notes, according to a pricing sheet.

The notes (/SP-1+/) were sold through lead manager Goldman, Sachs & Co.

The notes are due Dec. 15, 2016 and have a 3% coupon priced at 106.599.

Proceeds will be used to refund a portion of the corporation's series 2013C bonds.

Issuer:	Grand Parkway Transportation Corp.
Issue:	Series 2014A subordinate tier toll revenue refunding bond anticipation notes
Amount:	$733,465,000
Maturity:	Dec. 15, 2016
Coupon:	3%
Price:	106.599
Type:	Negotiated
Underwriters:	Goldman, Sachs & Co. (lead), BofA Merrill Lynch, J.P. Morgan Securities LLC, Ramirez & Co. Inc., Raymond James/Morgan Keegan, RBC Capital Markets LLC, Siebert Brandford Shank & Co. LLC and Wells Fargo Securities LLC (co-managers)
Rating:	Standard & Poor's: SP-1+
Pricing date:	Feb. 4
Settlement date:	Feb. 13

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