New Jersey will take on $157.4 million of moral obligation debt this week as the South Jersey Port Corp. will issue the marine terminal revenue bonds with the expectation that state allocations to meet the corporation's debt service costs will continue.

Raymond James & Associates will price the new-money bonds on Tuesday after today's retail-order period. The transaction consists of $128.7 million of taxable Build America Bonds, $23.7 million of tax-exempt private activity debt, and $4.9 million of taxable bonds.

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