New York's Metropolitan Transportation Authority has scheduled a $500 million pricing of Series 2013A transportation bonds for Wednesday, after a one-day retail period.
Citi is the book-running senior manager for the negotiated deal, while M.R. Beal is special co-senior manager. Proceeds will finance transit and commuter projects for the agency, which runs the New York City's subway system and regional commuter trains. A gross lien on a diverse stream of pledged revenues secures the bonds.