By Aaron Hochman-Zimmerman
New York, Feb. 11 - Triborough Bridge and Tunnel Authority in New York priced $150 million in series 2009A-1 general revenue mandatory tender bonds (Aa2/VMIG 1/AA-/A-1+/AA/F1+), according to a statement from the authority.
The bonds were upsized from $100 million and carry a 2% coupon to yield 0.65%.
There is a mandatory tender on Jan. 20, 2010.
Barclays Capital Inc. and Loop Capital Markets LLC acted as underwriters for the negotiated sale.
Proceeds will be used to finance certain outstanding debt and to generate new money to finance existing approved capital projects for Metropolitan Transportation Authority bridges and tunnels.
The Triborough Bridge and Tunnel Authority is headquartered in New York.
Issuer: Triborough Bridge and Tunnel Authority
Issue: Series 2009A-1 general revenue mandatory tender bonds
| Amount: | $150 million
|
| Type: | Negotiated
|
| Coupon: | 2%
|
| Yield: | 0.65%
|
| Mandatory tender: | Jan. 20, 2010
|
| Underwriters: | Barclays Capital Inc., Loop Capital Markets LLC
|
| Pricing date: | Feb. 11
|
| Ratings: | Moody's: Aa2
|
| Standard & Poors: AA-
|
| Fitch: AA
|
© 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.
