Metropolitan Transportation Authority, N.Y., preps $400 million sale

By Sheri Kasprzak

New York, Feb. 13 - The Metropolitan Transportation Authority of New York plans to price $400 million of series 2014A transportation revenue bonds, according to a preliminary official statement.

The bonds will be sold through joint bookrunners Morgan Stanley & Co. LLC, Lebenthal & Co. LLC and Siebert Brandford Shank & Co. LLC. The co-managers are BofA Merrill Lynch; Citigroup Global Markets Inc.; Goldman, Sachs & Co.; J.P. Morgan Securities LLC; Jefferies & Co.; Loop Capital Markets LLC; Ramirez & Co.; RBC Capital Markets LLC; Wells Fargo Securities LLC; Barclays; BNY Mellon Capital Markets LLC; Cabrera Capital Markets Inc.; CastleOak. Securities LP; Duncan-Williams Inc.; Estrada Hinojosa & Co.; Fidelity Capital Markets Inc.; Janney Montgomery Scott LLC; KeyBanc Capital Markets Inc.; M&T Securities Inc.; Mesirow Financial Inc.; Oppenheimer & Co. Inc.; Piper Jaffray & Co.; PNC Capital Markets LLC; Raymond James/Morgan Keegan; Rice Financial Products Co.; Roosevelt & Cross Inc.; Stern Brothers & Co.; Stifel, Nicolaus & Co. Inc.; TD Securities Inc.; U.S. Bancorp Investments Inc.; and The Williams Capital Group LP.

The maturities have not been set.

Proceeds will be used to finance commuter and transit projects.

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