Metropolitan Transportation, N.Y., to sell $350 million revenue bonds

By Sheri Kasprzak

New York, June 13 - The Metropolitan Transportation Authority of New York plans to price $350 million of series 2013D transportation revenue bonds, according to a preliminary official statement.

The bonds will be sold on a negotiated basis with RBC Capital Markets LLC and M.R. Beal & Co. as the senior managers. The co-managers are BofA Merrill Lynch, Barclays, Citigroup Global Markets Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC, Jefferies & Co., Morgan Stanley & Co. LLC, Ramirez & Co. Inc., Siebert Brandford Shank & Co. LLC, Wells Fargo Securities LLC, BB&T Capital Markets Inc., CastleOak Securities LP, Duncan-Williams Inc., Edward D. Jones & Co. LP, Fidelity Capital Markets Inc., First Southwest Co., Lebenthal & Co. Inc., Loop Capital Markets LLC, Piper Jaffray & Co., Raymond James/Morgan Keegan, Roosevelt & Cross Inc., Rice Financial Products Co., Stifel, Nicolaus & Co. Inc. and TD Securities (USA) LLC.

The maturities have not been set.

Proceeds will be used to refinance commercial paper initially issued to finance commuter and transit projects.

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