New York's Metropolitan Transportation Authority plans to sell $200 million of taxable Build America Bonds next week, with a one day for retail orders Wednesday and institutional pricing Thursday.

The MTA will issue the taxable portion as Series 2009C and will take a cash subsidy from the Treasury Department equal to 35% of the interest payable on the bonds, as allowed under the American Recovery and Reinvestment Act.

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.