New York's Triborough Bridge and Tunnel Authority's is returning to the competitive market on Thursday after a hiatus since 2001. The deal, a $158 million taxable Build America Bond offering, is coming on the heals of outlook changes to negative by two rating agencies last week.

For more than eight years, the Metropolitan Transportation Authority and the TBTA have sold their bonds solely through negotiation.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.