April 15, 2010

TRENTON — New Jersey will sell up to $2 billion in bonds for school construction, in part to avoid making scheduled bond payments for the current fiscal year and the next, and in part to fund $500 million in already-planned school construction.

APBank of America-Merrill Lynch is the lead investment banker on the deal that has N.J. selling up to $2 billion in bonds for school construction.TRENTON — Faced with a rocky and uncooperative financial market, New Jersey last June borrowed $400…