DALLAS — In what will likely be the largest deal in Texas so far this year, the North Texas Tollway Authority is preparing to issue $1.3 billion for the western extension of its President George Bush Turnpike.

The sale, $800 million of bonds and $500 million of notes, will take place in March and early April, the NTTA said. The debt represents a new credit for the agency because they are the first securities not backed by system-wide revenues.

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