Metropolitan Transportation Authority, N.Y., plans to price $600 million revenue bonds

By Sheri Kasprzak

New York, June 23 - The Metropolitan Transportation Authority of New York is expected to price $600 million in series 2010C transportation revenue bonds, according to a preliminary official statement.

The sale includes $555 million in series 2010C-1 Build America Bonds and $45 million in series 2010C-2 tax-exempt bonds.

The bonds will be sold on a negotiated basis with Barclays Capital Inc. and Loop Capital Markets LLC as the senior managers.

The co-managers are Citigroup Global Markets Inc., J.P. Morgan Securities Inc., Bank of America Merrill Lynch, Jefferies & Co., Morgan Stanley & Co. Inc., M.R. Beal & Co. Inc., Ramirez & Co. Inc., Raymond James & Associates Inc., RBC Capital Markets Corp., Roosevelt & Cross Inc., Siebert Brandford Shank & Co. LLC and Wells Fargo Securities Inc.

The maturities have not been set.

Proceeds will be used to finance transit and commuter projects.

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