Southeastern Pennsylvania Transportation plans to price $220.74 million refunding bonds Tuesday

By Sheri Kasprzak

New York, Sept. 27 - The Southeastern Pennsylvania Transportation Authority plans to bring to market $220.74 million in series 2010 revenue refunding bonds on Tuesday, according to a preliminary official statement and a sales calendar.

The bonds (A1/AA-/AA) will be sold through Citigroup Global Markets Inc. with PNC Capital Markets LLC, Jefferies & Co. and Raymond James & Associates Inc. as the co-managers.

The bonds are due 2011 to 2028.

Proceeds will be used to refund the authority's series 1999 bonds and to fund the termination of a swap agreement connected with the 1999 bonds.

Based in Philadelphia, the authority provides public transit for Philadelphia, Delaware County, Bucks County, Montgomery County and Chester County in Pennsylvania, as well as New Castle County in Delaware and Mercer County in New Jersey.

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