CHICAGO — The Missouri Highways and Transportation Commission enters the market beginning today with its second large financing in recent months as it sells $300 million of mostly taxable Build America Bonds, the final tranche of borrowing planned under a $2.2 billion road building program.

Banc of America Merrill Lynch is the senior manager and Morgan Stanley and JPMorgan are co-senior managers. ­Public Financial Management is as financial adviser to the MHTC. Missouri will take retail orders on a $50 million series of tax-exempt, third-lien state road bonds today and then open up the overall transaction, which includes $250 million of BABs, to institutional buyers on Wednesday.

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