N.Y. MTA Refunding $350 Million of Swapped COPs

McDonald, Michael
August 2004
Bond Buyer;8/16/2004, Vol. 349 Issue 31948, p48
Trade Publication
Reports on the plan of New York's Metropolitan Transportation Authority to refund certificates of participation that it sold in 1999 and 2000 to finance work on 2 Broadway, the authority's major office building project in lower Manhattan. Sale of refunding bonds as auction-rate securities and entry into a forward-starting swap agreement with UBS Financial Services Inc.; Action of UBS as underwriter on the refunding bonds.


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