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Published on 3/15/2013 in the Prospect News Municipals Daily.

Metropolitan Transportation, N.Y., arranges $500 million sale of transportation revenue bonds

By Sheri Kasprzak

New York, March 15 - The Metropolitan Transportation Authority of New York plans to price $500 million of series 2013B transportation revenue bonds, according to a preliminary official statement.

The bonds will be sold through Barclays and Rice Financial Products Co.

The co-managers are BofA Merrill Lynch, Citigroup Global Markets Inc., Goldman Sachs & Co., 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., Piper Jaffray & Co., Raymond James/Morgan Keegan, RBC Capital Markets LLC, Roosevelt & Cross Inc., Stifel, Nicolaus & Co. Inc. and TD Securities (USA) LLC.

The maturities have not been set.

Proceeds will be used to finance transit and commuter projects.


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