DALLAS - The Utah Transit Authority plans to take a record $700 million of sales tax revenue bonds to market next week to expand its new FrontRunner commuter railroad, extend the Trax light rail lines, and finance system-wide improvements.

This issue will be priced through negotiation on March 26, with UBS Securities LLC as senior manager and Morgan Stanley and Merrill Lynch & Co. as co-managers. The largest bond package in the UTA's history is part of its $2.5 billion Frontline 2015 plan to build 70 miles of rail in seven years.

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