WASHINGTON — The Metropolitan Washington Airports Authority on Wednesday approved two underwriting syndicates for a total of up to $485 million of refunding bonds to be issued in two series next month.

Morgan Keegan & Co. will be senior manager, along with Bank of America Merrill Lynch and Siebert Brandford Shank & Co. as co-managers, for the sale of Series 2010E airport system revenue refunding bonds. Senior manager Barclays will team up with co-managers JPMorgan  and Loop Capital Markets for the sale of Series 2010F bonds. The bonds will refund munis that were issued in 1998 and between 2001 and 2004.

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