By Sheri Kasprzak
New York, June 3 - The Washington Metropolitan Area Transit Authority sold $307 million in series 2009 gross revenue transit bonds. The sale is the largest offering from Metro in 10 years, according to spokeswoman Candace Smith.
The bonds (A1/A/) are due 2010 to 2032 with yields from 1% to 7.14%, with an average rate of 4.69%.
Goldman, Sachs & Co. was the lead manager for the sale.
Proceeds will be used to pay for transit improvements.
| Issuer: | Washington Metropolitan Area Transit Authority
|
| Issue: | Series 2009 gross revenue transit bonds
|
| Amount: | $307 million
|
| Type: | Negotiated
|
| Maturities: | 2010 to 2032
|
| Yields: | 1% to 7.14%
|
| Average yield: | 4.69%
|
| Underwriter: | Goldman, Sachs & Co.
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: A
|
| Pricing date: | June 2
|
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