Triborough Bridge and Tunnel, N.Y., readies $300 million bond offering

By Sheri Kasprzak

New York, Jan. 15 – The Triborough Bridge and Tunnel Authority of New York is expected to price $300 million of series 2016A general revenue bonds during the week of Jan. 18, according to a preliminary official statement.

The bonds will be sold through senior managers Citigroup Global Markets Inc., Academy Securities Inc. and Cabrera Capital Markets LLC. The co-managers are BofA Merrill Lynch, Goldman, Sachs & Co., Jefferies & Co., J.P. Morgan Securities LLC, Loop Capital Markets LLC, Morgan Stanley & Co. LLC, Ramirez & Co. Inc., RBC Capital Markets LLC, Siebert Brandford Shank & Co. LLC, Wells Fargo Securities LLC, Barclays, BNY Mellon Capital Markets Inc., Drexel Hamilton LLC, Duncan-Williams Inc., Estrada Hinojosa & Co. Inc., Fidelity Capital Markets Inc., Janney Montgomery Scott LLC, KeyBanc Capital Markets Inc., M&T Securities Inc., Mesirow Financial Inc., Oppenheimer & Co., Piper Jaffray & Co., PNC Capital Markets LLC, Raymond James/ Morgan Keegan, Rice Financial Products Co., Roosevelt & Cross Inc., Stern Brothers & Co., Stifel, Nicolaus & Co. Inc., TD Securities (USA) LLC, U.S. Bancorp Investments Inc. and Williams Capital Group LP.

The bonds are due 2016 to 2036.

Proceeds will be used to finance bridge and tunnel projects, and, depending upon market conditions, refinance existing debt.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.