Chicago Transit Authority plans $150 million sale of revenue bonds

By Sheri Kasprzak

New York, April 11 - The Chicago Transit Authority intends to price $150 million in series 2008B capital grant receipts revenue bonds, a preliminary official statement said.

The pricing date for the bonds could not be determined by press time Friday.

The bonds will be sold on a negotiated basis through lead managers George K. Baum & Co. and Cabrera Capital Markets. The co-managers are Banc of America Securities, M.R. Beal & Co., SBK-Brooks Investment Corp. and Siebert Brandford Shank & Co.

Proceeds will be used to make a deposit to the authority's construction fund.

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