Just in time to set a record for 1992, New Jersey is scheduled to sell $1.6 billion of general obligation refunding bonds today.

Lazard Freres & Co. will serve as senior manager for what should be the largest single tax-exempt bond issue of the year. Market players say yesterday's downgrade of the state by Fitch Investors Service will probably not hamper the deal.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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