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

Cataldo, Adam L.
June 2006
Bond Buyer;6/1/2006, Vol. 356 Issue 32393, p64
Trade Publication
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.


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