Metropolitan Transportation eyes $400 million revenue refunding bonds

By Sheri Kasprzak

New York, Aug. 17 – The Metropolitan Transportation Authority of New York is set to price $400 million of series 2015D transportation revenue refunding bonds, according to a preliminary official statement.

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

The maturities have not been set.

Proceeds will be used to refinance debt issued for transit and commuter projects.

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