Metropolitan Transportation Authority, N.Y., plans $400 million sale of revenue bonds

By Sheri Kasprzak

New York, July 7 - The Metropolitan Transportation Authority of New York is set to sell $400 million of series 2011A transportation revenue bonds, according to a preliminary official statement.

The bonds will be sold on a negotiated basis with Bank of America Merrill Lynch and Loop Capital Markets LLC as the lead managers.

The co-managers are Barclays Capital Inc.; Citigroup Global Markets Inc.; Goldman Sachs & Co.; J.P. Morgan Securities LLC; Jefferies & Co.; Morgan Stanley & Co. Inc.; Ramirez & Co. Inc.; Siebert Brandford Shank & Co. LLC; Wells Fargo Securities LLC; BB&T Capital Markets LLC; Duncan-Williams Inc.; Edward Jones & Co. LP; Fidelity Capital Markets LLC; FirstSouthwest Co.; Jackson Securities Inc.; 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 bonds are due 2012 to 2031 with term bonds, the maturities of which have not been set.

Proceeds will be used to finance transit and commuter projects set forth in the authority's capital plan.

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