New York's Metropolitan Transportation Authority, which planned to sell $2.08 billion of new-money bonds throughout 2008, has accelerated its schedule to the point that it has already marketed that amount of debt last month and this month - though that includes some refunding.

Some of that debt was to be used to restructure some of the MTA's auction-rate securities, but the authority isn't saying exactly how much. Last month the MTA accelerated a bond sale to that was supposed to take place in March and increased it to $1 billion from $750 million and included $430 million to refund ARS.

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