A $500 million transportation revenue offering from New York’s Metropolitan Transportation Authority is part of an estimated $4 billion slate of new issuance that seeks to attract investors as they return from the Memorial Day hiatus looking for ways to put  almost  $100 billion in spring redemption money to work.

The deal will be the first large financing to test the post-holiday market when it is priced by JPMorgan for retail investors on Wednesday, followed by an institutional pricing on Thursday. The bonds are rated A2 by Moody’s Investors Service, and A by Standard & Poor’s and Fitch Ratings. The structure was not available at press time.

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