BATA and DRJTBC Deals Top This Week’s US Municipal Bond Transactions Calendar

Reuters reports that two toll bridge deals scheduled for pricing tomorrow, February 14, “will lead a U.S. municipal bond calendar . . . that features around $5.85 billion in total sales” for the week. The Bay Area Toll Authority “will issue the week’s biggest deal, pricing . . . $552 million in negotiated refinancing bonds to reduce borrowing costs. The Delaware River Joint Toll Bridge Commission . . . will price a $438 million negotiated bond, to fund the bulk of a $512 million reconstruction of the Scudder Falls Bridge.” [Links added.]