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New York City MTA plans to price $596.57 million revenue bonds, BABs
By Sheri Kasprzak
New York, Oct. 1 - The Metropolitan Transportation Authority of New York plans to sell $596.565 million in series 2009A transportation revenue bonds, according to a preliminary official statement.
The deal includes $500 million in series 2009A-1 Build America Bonds and $96.565 million in series 2009A-2 tax-exempt bonds.
The bonds will be sold on a negotiated basis. The senior managers for the 2009A-1 bonds are Citigroup Global Markets Inc. and Merrill Lynch & Co. Inc. The co-managers for the A-1 bonds are Barclays Capital Inc., J.P. Morgan Securities Inc., Jefferies & Co., Loop Capital Markets LLC, Morgan Stanley & Co. Inc., M.R. Beal & Co., Ramirez & Co. Inc., Raymond James & Associates Inc., Siebert Brandford Shank & Co. LLC and Wells Fargo Securities Inc.
Ramirez & Co. Inc. and Merrill Lynch & Co. Inc. are the senior managers for the 2009A-2 bonds. The co-managers are Barclays, Citi, J.P. Morgan, Jefferies, Loop, Morgan Stanley, M.R. Beal, Raymond James, RBC Capital Markets Inc., Roosevelt & Cross Inc. and Wells Fargo.
The maturities have not been set.
Proceeds will be used to fund transit and commuter projects.
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