CHICAGO -- Airport bonds backed by passenger facility charge revenues will be given a unique twist in a nearly $163 million revenue bond issue scheduled to be solo tomorrow by the Maryland Transportation Authority on behalf of the Baltimore/Washington International Airport.

The issue marks the first double-barreled pledge of debt service that combines passenger charge revenues with non-airport revenues, according to officials working on the deal. In addition. the deal is structured to allow for the possibility of the bonds being backed solely by passenger charges in the future.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.