Metropolitan Transportation Authority, N.Y., to remarket $292.41 million of bonds

By Sheri Kasprzak

New York, April 8 - The Metropolitan Transportation Authority of New York is set to remarket $292.41 million of series 2004B dedicated tax fund bonds, according to a preliminary remarketing circular.

The remarketing includes $94.295 million of series 2004B-1 bonds, $103.815 million of series 2004B-2 bonds and $94.3 million of series 2004B-3 bonds.

Jefferies & Co. and Jackson Securities Inc. are the remarketing agents.

The co-managers are 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 LLC; Edward Jones & Co. Inc.; Fidelity Capital Markets LLC; FirstSouthwest 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) Inc.

The 2004B-1 bonds are subject to mandatory tender on April 26, 2011, and the 2004B-2 bonds are subject to mandatory tender on April 28, 2011. The 2004B-3 bonds are subject to mandatory tender on April 27, 2011. The remarketed bonds will be sold at a fixed rate mode. The existing bonds are variable-rate bonds.

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