Metropolitan Transportation Authority, N.Y., calls $204.2 million of commuter facilities bonds

By Marisa Wong

Madison, Wis., June 13 - Metropolitan Transportation Authority of New York said it will redeem $204.2 million of its outstanding series 1998A commuter facilities revenue bonds on July 1.

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

The following portion of 1998A bonds will be redeemed:

• $7.745 million of 5.25% bonds due July 1, 2012;

• $8.155 million of 5.25% bonds due July 1, 2013;

• $8.58 million of 5.5% bonds due July 1, 2014;

• $9.055 million of 5.5% bonds due July 1, 2015;

• $9.55 million of 5.5% bonds due July 1, 2016;

• $10.075 million of 5.125% bonds due July 1, 2017;

• $10.59 million of 5.125% bonds due July 1, 2018;

• $61.525 million of 5% bonds due July 1, 2023; and

• $78.925 million of 5.25% bonds due July 1, 2028.

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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