By Sheri Kasprzak
New York, Jan. 6 - The Metropolitan Transportation Authority of New York sold $363.945 million in series 2009A Build America Bonds on Wednesday, according to a pricing sheet.
The bonds (A2/A/A) were sold through lead manager J.P. Morgan Securities Inc.
The bonds are due 2039 with a 6.668% coupon priced at par.
Proceeds will be used to fund transit projects.
Issuer: | Metropolitan Transportation Authority
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Issue: | Series 2009A Build America Bonds
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Amount: | $363.945 million
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Maturity: | 2039
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Coupon: | 6.668%
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Price: | Par
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Type: | Negotiated
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Underwriter: | J.P. Morgan Securities Inc. (lead)
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Ratings: | Moody's: A2
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| Standard & Poor's: A
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| Fitch: A
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Pricing date: | Jan. 6
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Settlement date: | Jan. 13
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