By Sheri Kasprzak
New York, March 23 – The Metropolitan Transportation Authority of New York sold $700 million of series 2016A transportation revenue bond anticipation notes, said pricing sheets.
The deal included $50 million of series 2016A-1A notes, $10 million of series 2016A-1B notes, $25 million of series 2016A-1C notes, $25 million of series 2016A-1D notes, $50 million of series 2016A-1E notes, $340 million of series 2016A-1F notes, $10 million of series 2016A-2A notes, $50 million of series 2016A-2B notes, $120 million of series 2016A-2C notes, $10 million of series 2016A-2D notes and $10 million of series 2016A-2E notes.
The 2016A-1A notes are due Oct. 1, 2016 and have a 5% coupon priced at 102.288, and the 2016A-1B notes are due Oct. 1, 2016 and have a 3% coupon priced at 101.284 to yield 0.44%. The 2016A-1C notes are due Oct. 1, 2016 and have a 2% coupon priced at 100.752 to yield 0.50%. The 2016A-1D notes are due Oct. 1, 2016 and have a 1.5% coupon priced at 100.526 to yield 0.45%. The 2016A-1E notes are due Oct. 1, 2016 and have a 2% coupon priced at 100.782 to yield 0.44%, and the 2016A-1F notes are due Oct. 1, 2016 and have a 2% coupon priced at 100.777 to yield 0.45%.
The 2016A-2A notes are due Feb. 1, 2017 and have a 5% coupon priced at 103.698. The 2016A-2B notes are due Feb. 1, 2017 and have a 2% coupon priced at 101.181 to yield 0.58%, and the 2016A-2C notes are due Feb. 1, 2017 and have a 2% coupon priced at 101.189 to yield 0.57%. The 2016A-2D notes are due Feb. 1, 2017 and have a 2% coupon priced at 101.173 to yield 0.59%. The 2016A-2E notes are due Feb. 1, 2017 and have a 3% coupon priced at 102.005 to yield 0.59%.
The notes were sold competitively. The issuer did not return calls for the winning bidder Wednesday.
Proceeds will be used to finance transit and commuter projects.
| Issuer: | Metropolitan Transportation Authority
|
| Issue: | Series 2016A transportation revenue bond anticipation notes
|
| Amount: | $700 million
|
| Type: | Competitive
|
| Pricing date: | March 22
|
| Settlement date: | March 30
|
|
|
| $50 million series 2016A-1A notes
|
| Maturity | Type | Coupon | Price
|
| Oct. 1, 2016 | Term | 5% | 102.288
|
|
|
| $10 million series 2016A-1B notes
|
| Maturity | Type | Coupon | Price | Yield
|
| Oct. 1, 2016 | Term | 3% | 101.284 | 0.44%
|
|
|
| $25 million series 2016A-1C notes
|
| Maturity | Type | Coupon | Price | Yield
|
| Oct. 1, 2016 | Term | 2% | 100.752 | 0.50%
|
|
|
| $25 million series 2016A-1D notes
|
| Maturity | Type | Coupon | Price | Yield
|
| Oct. 1, 2016 | Term | 1.5% | 100.526 | 0.45%
|
|
|
| $50 million series 2016A-1E notes
|
| Maturity | Type | Coupon | Price | Yield
|
| Oct. 1, 2016 | Term | 2% | 100.782 | 0.44%
|
|
|
| $340 million series 2016A-1F notes
|
| Maturity | Type | Coupon | Price | Yield
|
| Oct. 1, 2016 | Term | 2% | 100.777 | 0.45%
|
|
|
| $10 million series 2016A-2A notes
|
| Maturity | Type | Coupon | Price
|
| Feb. 1, 2017 | Term | 5% | 103.698
|
|
|
| $50 million series 2016A-2B notes
|
| Maturity | Type | Coupon | Price | Yield
|
| Feb. 1, 2017 | Term | 2% | 101.181 | 0.58%
|
|
|
| $120 million series 2016A-2C notes
|
| Maturity | Type | Coupon | Price | Yield
|
| Feb. 1, 2017 | Term | 2% | 101.189 | 0.57%
|
|
|
| $10 million series 2016A-2D notes
|
| Maturity | Type | Coupon | Price | Yield
|
| Feb. 1, 2017 | Term | 2% | 101.173 | 0.59%
|
|
|
| $10 million series 2016A-2E notes
|
| Maturity | Type | Coupon | Price | Yield
|
| Feb. 1, 2017 | Term | 3% | 102.005 | 0.59%
|
|
|
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