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Metropolitan Transportation, N.Y., plans $500 million bond offering
By Sheri Kasprzak
New York, Oct. 24 - The Metropolitan Transportation Authority of New York is set to price $500 million of series 2013E transportation revenue bonds, according to a preliminary official statement.
The bonds will be sold on a negotiated basis with Goldman Sachs & Co. and M.R. Beal & Co. as the senior managers.
The co-senior managers are BofA Merrill Lynch, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Jefferies & Co., Loop Capital Markets LLC, Morgan Stanley & Co. LLC, Ramirez & Co. Inc., RBC Capital Markets LLC, Siebert Brandford Shank & Co. LLC and Wells Fargo Securities LLC.
The co-managers are Barclays, BNY Mellon Capital Markets LLC, Cabrera Capital Markets LLC, CastleOak Securities LP, Duncan-Williams Inc., Estrada Hinojosa & Co. Inc., Fidelity Capital Markets LLC, Janney Montgomery Scott LLC, KeyBanc Capital Markets Inc., Lebenthal & Co. LLC, M&T Securities Inc., Mesirow Financial Inc., Oppenheimer & Co. Inc., Piper Jaffray & Co., PNC Capital Markets LLC, Raymond James/Morgan Keegan, Rice Financial Products Co., Roosevelt & Cross Inc., Stern Brothers & Co., Stifel, Nicolaus & Co. Inc., TD Securities Inc., U.S. Bancorp Investments Inc. and Williams Capital Group LP.
The maturities have not been set.
Proceeds will be used to finance transit and commuter projects.
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