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Metropolitan Transportation Authority, N.Y., preps $500 million offering of revenue bonds
By Sheri Kasprzak
New York, April 7 - The Metropolitan Transportation Authority of New York is set to price $500 million of series 2014B transportation revenue bonds, according to a preliminary official statement.
The bonds will be sold on a negotiated basis with Wells Fargo Securities LLC and CastleOak Securities LP as the senior managers.
The co-managers are BofA Merrill Lynch; Citigroup Global Markets Inc.; Goldman Sachs & Co.; J.P. Morgan Securities LLC; Loop Capital Markets LLC; Ramirez & Co. Inc.; RBC Capital Markets LLC; Siebert Brandford Shank & Co. LLC; Barclays; BNY Mellon Capital Markets; Cabrera Capital Markets LLC; Duncan-Williams Inc.; Estrada Hinojosa & Co. Inc.; Fidelity Capital Markets Inc.; Janney Montgomery Scott LLC; 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 (USA) Inc.; U.S. Bancorp Investment Inc.; and William Capital Group LP.
The maturities have not been set.
Proceeds will be used to finance commuter projects.
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