NTTA push back deadline for 2008 bond sale to May 2009

A special meeting of the board of North Texas Tollway Authority (NTTA) has been called Oct 13 to push back the deadline for sale of Series 2008 bonds to May 19 2009. The resolution being put tot he board also would permit an index floating rate to be part of the issuance.

The moves are apparently a reaction to turmoil in the capital markets.

TOLLROADSnews 2008-10-10