New York MTA Gets $23M After Exiting Swap Agreement

Cataldo, Adam L.
June 2006
Bond Buyer;6/5/2006, Vol. 356 Issue 32395, p3
Trade Publication
The article reports on the 23 million dollars payment to New York City's Metropolitan Transportation Authority (MTA) after unwinding a swap agreement. MTA had entered an agreement with Lehman Brothers Inc. and BNP Paribas Securities Corp. According to Patrick McCoy, MTA finance director, the money would be used to pay for approved capital construction projects.


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