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Prospect News home > News index > List of issuers T > Headlines for Triborough Bridge and Tunnel Authority > News item
Published on 1/24/2014 in the Prospect News Municipals Daily.

Triborough Bridge and Tunnel, N.Y., plans $350 million bond, note deal

By Sheri Kasprzak

New York, Jan. 24 - The Triborough Bridge and Tunnel Authority of New York plans to price $350 million of series 2014A general revenue bonds and general revenue bond anticipation notes, according to a preliminary official statement.

The offering includes $250 million of series 2014A general revenue bonds and $100 million of series 2014A general revenue BANs.

The bonds will be sold on a negotiated basis with BofA Merrill Lynch and Cabrera Capital Markets LLC as the senior managers. The co-managers are Citigroup Global Markets Inc.; Goldman, Sachs & Co.; J.P. Morgan Securities LLC; Jefferies & Co.; Loop Capital Markets LLC; Morgan Stanley & Co. LLC; Ramirez & Co. Inc.; RBC Capital Markets LLC; Siebert Brandford Shank & Co. LLC; Wells Fargo Securities LLC; Barclays, M.R. Beal & Co. Inc.; BNY Mellon Capital Markets LLC; CastleOak Securities LP; Duncan-Williams Inc.; Estrada Hinojosa & Co. Inc.; Fidelity Capital Markets LLC; Janney Montgomery Scott LLC; KeyBanc Capital Markets Inc.; Lebenthal & Co. LLC; M&T Securities Inc.; Mesirow Financial Inc.; Oppenheimer & Co. Inc.; Piper Jaffray & Co. Inc.; PNC Capital Markets LLC; Raymond James/Morgan Keegan; Rice Financial Products Co.; Roosevelt & Cross Inc.; Stern Brothers & Co.; Stifel, Nicolaus & Co. Inc.; TD Securities Inc.; U.S. Bancorp Investment Corp.; and The Williams Capital Group LP.

The 2014A bond maturities have not been set.

The 2014A notes will be sold on a negotiated basis with BofA Merrill Lynch and Cabrera Capital Markets LLC as the underwriters.

The notes are due May 15, 2015.

Proceeds will be used to finance bridge and tunnel projects.


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