TITLE

N.Y.'s MTA Eyes $2.3B In '06 Debt

AUTHOR(S)
Cataldo, Adam L.
PUB. DATE
January 2006
SOURCE
Bond Buyer;1/24/2006, Vol. 355 Issue 32304, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the Metropolitan Transportation Authority (MTA) of New York City is planning to issue bond refunding deals to save on debt service and manage interest rate exposure. The bonds will be split into fixed-rate and floating-rate securities. Seventy-five percent will be backed by debt and 25 percent will be backed by taxes received by MTA from the city and from the state.
ACCESSION #
19739973

 

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