New York’s Metropolitan Transportation Authority priced $400 million of revenue bonds in a transaction led by book-running senior manager Bank of America Merrill Lynch and co-senior Loop Capital Markets.

During the retail order period that preceded the July 12 sale, the 2012 and 2013 maturities were eight times oversubscribed, and the 2014 to 2016 maturities were two to three times oversubscribed, the authority said in a statement.

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