Metropolitan Transportation, N.Y., readies $500 million BANs offering

By Sheri Kasprzak

New York, Sept. 2 – The Metropolitan Transportation Authority of New York is slated to price $500 million of series 2015A dedicated tax fund bond anticipation notes on Sept. 9, according to a preliminary official statement.

The notes will be sold competitively. Public Financial Management Inc. is the financial adviser.

The notes are due June 1, 2016.

Proceeds will be used to finance commuter and transit projects.

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