N.Y. MTA to Kick Off '05 Borrowing Spree With $500M Sale

O'Brien, Elizabeth
February 2005
Bond Buyer;2/3/2005, Vol. 351 Issue 32063, p36
Trade Publication
New York's Metropolitan Transportation Authority plans to issue $500 million of fixed-rate revenue bonds next week in the first deal to come out of the $284 billion 2005 borrowing agenda the agency's board approved last week. Merrill Lynch & Co. will price the bonds next Tuesday after a one-day re- tail order period. MBIA Insurance Corp. and Arnbac Assurance Corp. will insure the bonds. Some early maturities may be uninsured, though that decision will be made on pricing day, MTA finance director Patrick McCoy said.


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