Metropolitan Transportation, N.Y., organizes $300 million revenue debt

By Sheri Kasprzak

New York, March 4 – The Metropolitan Transportation Authority of New York is set to price $300 million of series 2015B transportation revenue bonds, according to a preliminary official statement.

The bonds will be sold on a negotiated basis with BofA Merrill Lynch, Citigroup Global Markets Inc., Duncan-Williams Inc., KeyBanc Capital Markets Inc. and Oppenheimer & Co. as the joint bookrunners. The co-managers are Goldman, Sachs & Co.; J.P. Morgan Securities LLC; Jefferies & Co.; Loop Capital Markets LLC; Morgan Stanley & Co. LLC; RBC Capital Markets LLC; Siebert Brandford Shank & Co. LLC; Wells Fargo Securities LLC; Academy Securities; Barclays; BNY Mellon Capital Markets LLC; Cabrera Capital Markets LLC; CastleOak Securities LP; Drexel Hamilton LLC; Estrada Hinojosa & Co.; Fidelity Capital Markets LLC; Janney Montgomery Scott LLC; M&T Securities Inc.; Mesirow Financial 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.; TD Securities (USA) LLC; U.S. Bancorp Investments Inc.; and Williams Capital Group LP.

The bonds are due 2015 to 2035.

Proceeds will be used to finance legal and miscellaneous transportation expenditures, as well as to retire the authority’s series 2013A revenue bond anticipation notes.

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