New York City MTA plans to sell $600 million in RANs week of July 6

By Sheri Kasprzak

New York, June 30 - The Metropolitan Transportation Authority of New York City is expected to sell $600 million in series 2009 revenue anticipation notes the week of July 6, according to a preliminary official statement.

The notes (//F1+) will be sold through lead manager Barclays Capital Inc. The co-managers are Ramirez & Co. Inc., Citigroup Global Markets Inc. and J.P. Morgan Securities Inc.

The notes are due Dec. 31, 2009.

Proceeds will be used to fund short-term operation and maintenance expenses.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.