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US Bancorp Lands $441-Mil Airport Bond Issues

MINNEAPOLIS-The sale of revenue bonds will help finance a new runway, concourse improvements, additional parking structure and renovation of the main Lindbergh terminal, part of an ongoing capital improvement plan.

By Jim McCartney | Updated on May 18, 2001

MINNEAPOLIS-US Bancorp Piper Jaffray recently served as senior underwriter on the sale of $261 million in tax-exempt revenue bonds for the Minneapolis/St. Paul Metropolitan Airports Commission (MAC), and co-manager on the sale of $180-million in revenue bonds for the MAC. The bonds will fund several projects, including constructing a new runway, improving concourses, constructing an additional parking structure and remodeling the main Lindbergh terminal.

This is part of an ongoing capital improvement plan that has been implemented by the Metropolitan Airports Commission over the past several years. Minneapolis-based U.S. Bancorp Piper Jaffray has been the leader in par value for senior managed municipalbonds in Minnesota and the Midwest for the past five years, according to Thomson Financial Securities Data.

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