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Metropolitan Transportation, N.Y., preps $1 billion refunding bond sale
By Sheri Kasprzak
New York, Sept. 13 - The Metropolitan Transportation Authority of New York is expected to come to market with $1 billion of series 2012F transportation revenue refunding bonds, according to a preliminary official statement.
The bonds (A2/A/A) will be sold through Morgan Stanley & Co. LLC, Duncan-Williams Inc. and Ramirez & Co. Inc. The co-managers are Bank of America Merrill Lynch, Barclays, Citigroup Global Markets Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC, Jefferies & Co., Siebert Brandford Shank & Co. LLC, Wells Fargo Securities LLC, BB&T Capital Markets LLC, Edward D. Jones & Co. LP, Fidelity Capital Markets LLC, First Southwest Co., Loop Capital Markets LLC, M.R. Beal & Co., Piper Jaffray & Co. Inc., 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 refunding existing MTA revenue bonds.
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