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"Metropolitan Washington Airports Authority to Issue $300 Million in Bonds"
Saturday, August 9, 2003
Metropolitan Washington Airports Authority to Issue $300 Million in Bonds
The Washington (DC) Times
The Metropolitan Washington Airports Authority plans to issue $300 million
in bonds in the fall to pay for airport improvements and to refinance debt.
The authority manages Ronald Reagan Washington National and Washington
Dulles International airports.
About $238 million of the bonds will refinance existing debt.
The rest will fund an ongoing, six-year, $2.6 billion renovation at Dulles
that includes construction of an underground shuttle train from the main
terminal to the gates and to a fourth runway.
The authority plans to issue the bonds Oct. 1. All but $52 million will be
tax-exempt, airport officials said. Credit-rating services give the airports
authority some of their highest ratings with a stable outlook.
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