NCTA plans bond offer July 1 for Triangle Expressway

North Carolina Turnpike Authority are planning to offer bonds to finance the Triangle Expressway July 1 hoping to start work a couple of weeks later on the billion dollar tollroad on the west of Raleigh. Their bonds were only rated BBB- which means they could pay a couple of percentage points higher than A-rated bonds. But they have legislative approval  (SB750) to do a refinancing whenever market conditions make that advantageous.

TOLLROADSnews 2009-05-28