New York’s Metropolitan Transportation Authority completed its first bond transaction that minority- and women-owned firms managed and underwrote entirely, the agency announced Monday.

The Triborough Bridge and Tunnel Authority issuance on April 12 raised $231 million for approved capital projects for MTA Bridges and Tunnels. They are tax-exempt with a final maturity of Nov. 15, 2043. The all-in true interest cost of the transaction was 3.71% with the maximum maturity priced to yield 3.8%.

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