Metropolitan Transportation Authority, N.Y., plans $500 million bonds

By Sheri Kasprzak

New York, May 23 - The Metropolitan Transportation Authority of New York plans to price $500 million of series 2013C transportation revenue bonds, according to a preliminary official statement.

The bonds will be sold on a negotiated basis with J.P. Morgan Securities LLC and Loop Capital Markets LLC as the lead managers. The co-managers are BofA Merrill Lynch, Barclays, Citigroup Global Markets LLC, Goldman, Sachs & Co., Jefferies & Co., Morgan Stanley & Co. LLC, Ramirez & Co., Siebert Brandford Shank & Co. LLC, Wells Fargo Securities LLC, BB&T Capital Markets Inc., CastleOak Securities LP, Duncan-Williams Inc., Edward D. Jones & Co., Fidelity Capital Markets Inc., FirstSouthwest Co., Lebenthan & Co., 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 TD Securities (USA) LLC.

The maturities have not been set.

Proceeds will be used to finance transit and commuter projects.

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