TITLE

New York MTA to Sell $550M; May Seek New Credit to Finance Capital Program

AUTHOR(S)
Cataldo, Adam L.
PUB. DATE
June 2006
SOURCE
Bond Buyer;6/1/2006, Vol. 356 Issue 32393, p64
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the New York Metropolitan Transportation Authority will sell 550 million dollars of bonds and create a new credit to finance its capital program. It will sell 350 million dollars of fixed-rate dedicated tax fund bonds, which are backed by regional and statewide taxes, through a syndicate led by Lehman Brothers Inc. UBS Securities LLC will take retail orders for 200 million dollars of Triborough Bridge & Tunnel Authority bonds.
ACCESSION #
21118746

 

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