Metropolitan Transportation Authority, N.Y., arranges $950 million offering of refunding bonds

By Sheri Kasprzak

New York, Oct. 12 - The Metropolitan Transportation Authority of New York is set to sell $950 million of series 2012A dedicated tax fund refunding bonds, according to a preliminary official statement.

The bonds will be sold through senior managers Wells Fargo Securities LLC, Jefferies & Co. and Loop Capital Markets LLC.

The co-managers are Bank of America Merrill Lynch, Barclays, Citigroup Global Markets Inc., Goldman Sachs & Co., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Ramirez & Co., Siebert Brandford Shank & Co. LLC, BB&T Capital Markets Inc., Edward D. Jones & Co. LP, Fidelity Capital Markets, First Southwest Co., M.R. Beal & Co., Piper Jaffray & Co., Raymond James/Morgan Keegan, RBC Capital Markets LLC, Rice Financial Products Co., Roosevelt & Cross Inc., Stifel, Nicolaus & Co. Inc. and TD Securities (USA) LLC.

The maturities have not been set.

Proceeds will be used to refund the authority's series 2002A bonds and advance refund other debt.

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