Metropolitan Transportation Authority, N.Y., to sell refunding bonds

By Sheri Kasprzak

New York, Oct. 24 - The Metropolitan Transportation Authority of New York is expected to sell series 2011C transportation revenue refunding bonds, said a preliminary official statement. The size of the offering is not yet available.

The bonds will be sold on a negotiated basis with Goldman, Sachs & Co. and Jefferson Securities Inc. as the senior managers. The co-managers are Bank of America Merrill Lynch; Barclays Capital Inc.; Citigroup Global Markets Inc.; 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; Duncan-Williams Inc.; Edward D. Jones & Co. LP; Fidelity Capital Markets LLC; First Southwest Co.; Loop Capital Markets LLC; M.R. Beal & Co.; Morgan Keegan & Co. Inc.; Piper Jaffray & Co.; Raymond James & Associates Inc.; RBC Capital Markets LLC; Rice Financial Products Co.; Roosevelt & Cross Inc.; Stifel, Nicolaus & Co. Inc.; and TD Securities (USA) LLC.

The maturities have not been set.

Proceeds will be used to refund all or a portion of the authority's $347.8 million of series 2004A certificates of participation.

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