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Metropolitan Transportation Authority, N.Y., offers $755 million bonds
By Sheri Kasprzak
New York, Nov. 19 - The Metropolitan Transportation Authority of New York plans to price $755 million of series 2010D transportation revenue bonds, according to a preliminary official statement.
The bonds will be sold on a negotiated basis with Citigroup Global Markets Inc. and J.P. Morgan Securities LLC as the joint bookrunners.
The co-senior managers are Ramirez & Co. Inc. and Siebert Brandford Shank & Co. LLC. The co-managers are Barclays Capital Inc., Bank of America Merrill Lynch, Jefferies & Co., Loop Capital Markets LLC, Morgan Stanley & Co. Inc., M.R. Beal & Co. Inc., Raymond James & Associates Inc., RBC Capital Markets Corp., Roosevelt & Cross Inc. and Wells Fargo Securities LLC.
The maturities have not been set.
Proceeds will be used to retire the authority's series CP-1 transportation revenue bond anticipation notes.
The New York City-based authority manages and operates the city's public transportation system.
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