BRADENTON, Fla. - In a difficult market for issuers with top ratings, let alone a new credit with a large amount of debt to sell, the North Carolina Turnpike Authority hopes to get into the bond market early in December for its first-ever issuance - a $650 million deal to finance its first project.

The revenue bonds will finance the major portion of an 18.8-mile toll road called the Triangle Expressway that will create a loop, or outer extension, around Raleigh. The expressway has three segments - the Triangle Parkway, Northern Wake Expressway, and Western Wake Expressway.

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