Published on 5/2/2012 in the Prospect News Municipals Daily.
New Issue: Metropolitan Transportation Authority, N.Y., remarkets $200 million revenue bonds
By Sheri Kasprzak
New York, May 2 - The Metropolitan Transportation Authority of New York remarketed its $200 million of series 2002D-1 transportation revenue bonds, according to a pricing sheet.
The bonds (/A/A) were sold through senior manager J.P. Morgan Securities LLC. The co-managers were Duncan-Williams Inc., Barclays Capital Inc., Bank of America Merrill Lynch, Citigroup Global Markets Inc., Goldman, Sachs & Co., Jefferies & Co., Morgan Stanley & Co. LLC, Ramirez & Co. Inc., Siebert Brandford Shank & Co., Wells Fargo Securities LLC, BB&T Capital Markets Inc., Edward D. Jones & Co., Fidelity Capital Markets LLC, FirstSouthwest Co., Jackson Securities, Loop Capital Markets LLC, M.R. Beal & Co., Piper Jaffray & Co., Raymond James/Morgan Keegan, RBC Capital Markets LLC, Rice Financial Products Co., Roosevelt & Cross Inc., Stifel, Nicolaus & Co. and Wells Fargo Securities LLC.
The bonds were switched from the weekly mode to a fixed-rate mode. The bonds are due Nov. 15, 2042 and now bear interest at 4.25% priced at 99.153.
| Issuer: | Metropolitan Transportation Authority
|
| Issue: | Series 2002D-1 transportation revenue bonds
|
| Amount: | $200 million
|
| Maturity | : | Nov. 15, 2042
|
| Coupon: | 4.25%
|
| Price: | 99.153
|
| Type: | Negotiated
|
| Underwriters: | J.P. Morgan Securities LLC (lead); Duncan-Williams Inc., Barclays Capital Inc., Bank of America Merrill Lynch, Citigroup Global Markets Inc., Goldman, Sachs & Co., Jefferies & Co., Morgan Stanley & Co. LLC, Ramirez & Co. Inc., Siebert Brandford Shank & Co., Wells Fargo Securities LLC, BB&T Capital Markets Inc., Edward D. Jones & Co., Fidelity Capital Markets LLC, FirstSouthwest Co., Jackson Securities, Loop Capital Markets LLC, M.R. Beal & Co., Piper Jaffray & Co., Raymond James/Morgan Keegan, RBC Capital Markets LLC, Rice Financial Products Co., Roosevelt & Cross Inc., Stifel, Nicolaus & Co. and Wells Fargo Securities LLC (co-managers)
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A+
|
| Remarketing date: | May 2
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
