Triborough Bridge and Tunnel, N.Y., organizes $904.3 million sale of revenue bonds

By Sheri Kasprzak

New York, Dec. 6 - The Triborough Bridge and Tunnel Authority of New York is set to price $904.3 million of series 2012 revenue bonds in two tranches, according to preliminary official statements.

The deal includes $637,985,000 of series 2012C subordinate revenue refunding bonds and $266,315,000 of series 2012D general revenue refunding bonds.

The bonds will be sold on a negotiated basis with Jefferies & Co., Goldman, Sachs & Co. and Loop Capital Markets LLC. The co-managers are Bank of America Merrill Lynch, Barclays, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Ramirez & Co. Inc., Siebert Brandford Shank & Co. LLC, Wells Fargo Securities LLC, BB&T Capital Markets LLC, Duncan-Williams Inc., Edward D. Jones & Co. LP, Fidelity Capital Markets Inc., First Southwest Co., M.R. Beal & Co. Inc., Piper Jaffray & Co. Inc., Raymond James/Morgan Keegan, RBC Capital Markets LLC, Rice Financial Products Co., Roosevelt & Cross Inc., Stifel, Nicolaus & Co. LLC and TD Securities (USA) LLC.

The 2012C bonds are due 2013 to 2032. The 2012D bonds are due 2013 to 2032.

Proceeds will be used to refund the authority's series 2002E and 2003A revenue bonds.

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