By Sheri Kasprzak
New York, June 18 – The Metropolitan Transportation Authority of New York sold $540 million of series 2015A transportation revenue bond anticipation notes, according to a pricing sheet. The deal was upsized from $500 million.
The deal included $20 million of series 2015A-1 notes, $20 million of series 2015A-2 notes and $500 million of series 2015A-3 notes.
The 2015A-1 notes are due March 1, 2016 and have a 0.5% coupon priced at 100.16 to yield 0.21%. The 2015A-2 notes are due March 1, 2016 and have a 1% coupon priced at 100.449 to yield 0.19%. The 2015A-3 notes are due March 1, 2016 and have a 0.5% coupon priced at 100.205.
The notes were sold competitively, but the issuer did not immediately return calls for the winning bidder Thursday.
Proceeds will finance transportation projects.
| Issuer: | Metropolitan Transportation Authority, N.Y.
|
| Issue: | Series 2015A transportation revenue bond anticipation notes
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| Amount: | $540 million
|
| Type: | Competitive
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| Pricing date: | June 18
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| Settlement date: | June 25
|
|
|
| $20 million series 2015A-1 notes
|
| Maturity | Type | Coupon | Price | Yield
|
| March 1, 2016 | Term | 0.50% | 100.16 | 0.21%
|
|
|
| $20 million series 2015A-2 notes
|
| Maturity | Type | Coupon | Price | Yield
|
| March 1, 2016 | Term | 1% | 100.449 | 0.19%
|
|
|
| $500 million series 2015A-3 notes
|
| Maturity | Type | Coupon | Price
|
| March 1, 2016 | Term | 0.50% | 100.205
|
|
|
|
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