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

Cataldo, Adam L.
January 2006
Bond Buyer;1/24/2006, Vol. 355 Issue 32304, p1
Trade Publication
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.


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