LOS ANGELES -- J.P. Morgan & Co. has clinched the primary underwriting role in next spring's issuance of $1.25 billion of revenue bonds to finance toll road construction in Orange County, Calif., a toll road agency official said yesterday.

J.P Morgan will be named bookrunning senior manager for the $1 billion fixed-rate portion of the debt issue at a Nov. 10 meeting of the Santa Ana, Calif.-based Foothill/Eastern Transportation Corridor Agency, Walter D. Kreutzen, executive vice president of finance and construction for the agency, said yesterday.

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