By Sheri Kasprzak
New York, March 24 - The Metropolitan Transportation Authority of New York sold $127.45 million of series 2011A dedicated tax fund refunding bonds, according to an official statement.
The bonds were sold through senior managers Jefferies & Co. Inc. and Jackson Securities.
The co-managers were Barclays Capital Inc.; Merrill Lynch; Citigroup Global Markets Inc.; Goldman Sachs & Co.; J.P. Morgan Securities LLC; Morgan Stanley & Co. Inc.; Ramirez & Co. Inc.; Siebert Brandford Shank & Co. LLC; Wells Fargo Securities LLC; BB&T Capital Markets; Duncan-Williams Inc./Oppenheimer & Co. Inc.; Edward Jones & Co.; Fidelity Capital Markets LLC; First Southwest Co.; Loop Capital Markets LLC; M.R. Beal & Co. Inc.; 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 bonds are due 2011 to 2021 with coupons from 2% to 5% and yields from 0.32% to 3.69%.
Proceeds will be used to refund the MTA's series 2001A bonds.
| Issuer: | Metropolitan Transportation Authority
|
| Issue: | Series 2011A dedicated tax fund refunding bonds
|
| Amount: | $127.45 million
|
| Type: | Negotiated
|
| Underwriters: | Jefferies & Co. Inc. and Jackson Securities (lead); Barclays Capital Inc.; Merrill Lynch; Citigroup Global Markets Inc.; Goldman Sachs & Co.; J.P. Morgan Securities LLC; Morgan Stanley & Co. Inc.; Ramirez & Co. Inc.; Siebert Brandford Shank & Co. LLC; Wells Fargo Securities LLC; BB&T Capital Markets; Duncan-Williams Inc./Oppenheimer & Co. Inc.; Edward Jones & Co.; Fidelity Capital Markets LLC; First Southwest Co.; Loop Capital Markets LLC; M.R. Beal & Co. Inc.; 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
|
| Pricing date: | March 23
|
| Settlement date: | March 31
|
|
|
| Amount | Maturity | Type | Coupon | Yield
|
| $535,000 | 2011 | Serial | 2% | 0.32%
|
| $11.8 million | 2012 | Serial | 2% | 0.75%
|
| $1.84 million | 2013 | Serial | 3% | 1.21%
|
| $10.2 million | 2013 | Serial | 4% | 1.21%
|
| $1.275 million | 2014 | Serial | 3% | 1.60%
|
| $11.23 million | 2014 | Serial | 4% | 1.60%
|
| $1.345 million | 2015 | Serial | 3% | 2.05%
|
| $14.335 million | 2015 | Serial | 5% | 2.05%
|
| $1.125 million | 2016 | Serial | 3% | 2.45%
|
| $15.31 million | 2016 | Serial | 5% | 2.45%
|
| $1.91 million | 2017 | Serial | 4% | 2.74%
|
| $15.32 million | 2017 | Serial | 5% | 2.74%
|
| $1.35 million | 2018 | Serial | 4% | 3.03%
|
| $16.725 million | 2018 | Serial | 5% | 3.03%
|
| $620,000 | 2019 | Serial | 4% | 3.32%
|
| $2.265 million | 2020 | Serial | 4% | 3.53%
|
| $17.69 million | 2020 | Serial | 5% | 3.53%
|
| $2.575 million | 2021 | Serial | 5% | 3.69%
|
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