A $1.6 billion chunk of the New Jersey Turnpike Authority's previously announced $2.5 billion refunding will be priced the week of Nov. 18, officials involved with the deal said Friday.

The bonds represent a partial refunding of the authority's record-breaking $2 billion bond sale in 1985, which was intended to finance a massive widening program that has since been abandoned in favor of more modest projects.

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.