Announcement details of upcoming bond sale:
New Jersey Transportation Trust Fund Authority
$2,323,440,000* Transportation System Bonds
$634,455,000* Transportation System Bonds, 2019 Series A (Tax-Exempt)
$1,688,985,000* Transportation System Bonds, 2019 Series B (Federally Taxable)
On Thursday, December 5, 2019, the New Jersey Transportation Trust Fund Authority (the “Authority”) intends to sell the above-referenced bonds (the “2019 Bonds”), subject to market conditions. The sale will be led by the bookrunning senior manager RBC Capital Markets. Interest rates on the Bonds will be set at the time of the sale.
*Preliminary, subject to change.