New York City's MTA to price $650 million in tax fund bonds Thursday

By Sheri Kasprzak

New York, April 17 - The Metropolitan Transportation Authority in New York City plans to price $650 million in series 2009 dedicated tax fund bonds on Thursday, according to a calendar of upcoming deals.

The deal includes $450 million in series 2009B bonds and $200 million in series 2009C federally taxable Build America Bonds.

J.P. Morgan Securities Inc. is the senior manager. The co-managers are M.R. Beal & Co., Barclays Capital Corp., Citigroup Global Markets Inc., Jefferies & Co., Loop Capital Markets LLC, Merrill Lynch & Co. Inc., Morgan Stanley & Co. Inc., Ramirez & Co. Inc., Raymond James & Associates Inc., RBC Capital Markets Corp., Roosevelt & Cross Inc., Siebert Brandford Shank & Co. LLC and Wachovia Bank.

The proceeds will be used to finance commuter and transit projects, as well as to refinance debt.

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