N.Y. MTA cashing in on low rates with swaption bid
- From the TM3 wire. Sherman, Lynn; Moccio, Carmine; Ferris, Craig T.; Rannazzisi, Julie // Bond Buyer;07/01/98, Vol. 325 Issue 30426, p2
Takes a look at municipal bond-related news in the United States, current as of July 1, 1998. Includes New York Metropolitan Transportation Authority's Board of Directors' approval of an advance refunding of Triborough Bridge and Tunnel Authority bonds; Moody's Investors Service Inc.'s plan to...
- Merrill debt upgraded. // Crain's New York Business;10/14/96, Vol. 12 Issue 42, p50
Reports that Moody's Investor's Service Incorporated upgraded its rating on debt of Merrill Lynch and Company. Reason for the upgrade; Amount of stocks affected due to the upgrade.
- Moody's upgrades Merrill Lynch debt, strengthening it for turf war with banks. Goldblatt, Jennifer // American Banker;10/11/1996, Vol. 161 Issue 196, p17
Reports on Moody's Investors Service's upgrading of Merrill Lynch & Co.'s rating putting the New York investment firm in a stronger position to compete with commercial banks. Commercial banks' advantages on capital front; Moody's positive outlook for Merrill due to the latter's survival in...
- Banking's Credit Problems Are Seen as Manageable. Rieker, Matthias // American Banker;5/3/2001, Vol. 166 Issue 85, p20
Discusses reports issued by Merrill Lynch & Co. and Moody's Investors Service concerning the profits and credit quality of banks in the United States in 2001. Projected rise in the value of stocks of regional banking companies with a differentiated business mix; Impact of the economic slowdown...
- Secondary-Market Derivatives Issuance Reaches New Heights. Ryst, Sonja // Bond Buyer;08/23/2000, Vol. 333 Issue 30960, p5
Reports on the increase in secondary derivatives issuance in the United States during the first half of 2000. Decline in total municipal bond issuance; Influence of stabilized interest rates; Creation of derivative variable-rate demand notes; Most active rating period of Moody's Investors Service.
- NEW YORK: MTA's Derivatives Report. Burton, Paul // Bond Buyer;10/31/2011, Vol. 378 Issue 33607, p9
The article focuses on the data from a derivatives portfolio report which shows that the 30.1 billion dollars outstanding debt of New York's Metropolitan Transportation Authority (MTA) contains 5.2 billion dollars of variable-rate debt.
- WEEK IN REVIEW. // Crain's New York Business;5/26/2008, Vol. 24 Issue 21, p10
The article offers New York City news briefs. The Metropolitan Transportation Authority's board members unanimously approved a deal with related companies and financial partner Goldman, Sachs & Co. to develop Hudson Yards. Merrill Lynch & Co. restarted negotiations with developer Larry...
- Salomon is big winner of MTA swaption. Kruger, Daniel // Bond Buyer;08/13/98, Vol. 325 Issue 30456, p32
Reports that Salomon Smith Barney Inc. won the New York Metropolitan Transportation Authority's swaption derivatives transaction. Value of the transaction; Terms of the deal.
- MTA Issues First Storm Surge Cat Bond. // Asset Securitization Report;Aug2013, Vol. 13 Issue 8, p28
The article reports on the issuance of catastrophe bond for 200 million dollars by Metropolitan Transportation Authority (MTA) in New York in July 2013. The bond will cover damages cause by storm surge with per-occurrence reinsurance agreement between Metro Re Ltd. and First Mutual...