Metropolitan Transportation Authority, N.Y., readies $500 million deal

By Sheri Kasprzak

New York, Feb. 25 – The Metropolitan Transportation Authority of New York is set to price $500 million of series 2016A dedicated tax fund refunding bonds, according to a preliminary official statement.

The bonds (/AA/AA) will be sold on a negotiated basis with Wells Fargo Securities LLC as the senior manager and BofA Merrill Lynch and Goldman, Sachs & Co. as the co-senior managers. The co-managers are Academy Securities Inc., BNY Mellon Capital Markets LLC, Jefferies & Co., J.P. Morgan Securities LLC, Loop Capital Markets LLC and Rice Financial Products Co.

The maturities have not been set.

Proceeds will be used to refund existing bonds.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.