Metropolitan Transportation Authority, N.Y., to redeem revenue bonds

By Ashley Montgomery

Kansas City, Kan. Dec. 14 - The Metropolitan Transportation Authority of New York said it would redeem its commuter facilities revenue bonds, series 1997D, and transit facilities revenue bonds, series 1997B-1 and 1998C.

The bonds will be redeemed at par plus accrued interest to Jan. 1, the redemption date.

The following series 1997D bonds are affected:

• $7.87 million of 5% bonds due July 1, 2012;

• $8.26 million of 5% bonds due July 1, 2013;

• $8,685,000 of 5% bonds due July 1, 2014;

• $6,105,000 of 5% bonds due July 1, 2015;

• $6,425,000 of 5% bonds due July 1, 2016;

• $2.15 million of 5.125% bonds due July 1, 2017; and

• $12,495,000 of 5.125% bonds due July 1, 2022.

The following series 1997B-1 bonds are affected:

• $12,855,000 of 5% bonds due July 1, 2012;

• $1,905,000 of 5% bonds due July 1, 2013;

• $2,625,000 of 5% bonds due July 1, 2014;

• $40.71 million of 5% bonds due July 1, 2017; and

• $14,945,000 of 5% bonds due July 1, 2018.

The following series 1998C bonds are affected:

• $3.31 million of 5.125% bonds due July 1, 2012;

• $15.22 million of 5.125% bonds due July 1, 2013;

• $15,995,000 of 5.125% bonds due July 1, 2014; and

• $30,435,000 of 4.75% bonds due July 1, 2016.

The Bank of New York Mellon is the trustee.

Based in New York City, the authority is responsible for public transportation in the state of New York. Its affiliated agencies include New York City Transit, Long Island Rail Road, Long Island Bus, Metro-North Railroad, Bridges and Tunnels, MTA Bus and Capital Construction.

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