By Sheri Kasprzak
New York, Nov. 10 - The Triborough Bridge and Tunnel Authority of New York priced $150 million of series 2009 general revenue bond anticipation notes on Tuesday, said a term sheet released by a sellside source.
The notes were sold on a competitive basis with Jefferies & Co. as the winning bidder. The true interest cost came at 0.34%.
The 2% notes are due Nov. 15, 2010, and were not formally reoffered.
Proceeds will be used to fund capital projects for the authority and to refinance existing debt.
| Issuer: | Triborough Bridge and Tunnel Authority
|
| Issue: | Series 2009 general revenue bond anticipation notes
|
| Amount: | $150 million
|
| Type: | Competitive
|
| Underwriter: | Jefferies & Co.
|
| TIC: | 0.34%
|
| Coupon: | 2%
|
| Price: | NRO
|
| Pricing date: | Nov. 10
|
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