Metropolitan Transportation Authority

The municipal bond market next week will continue to see above-average volume, albeit at a much slower pace than this week, as $11.14 billion of deals are on the calendar.

The authority, which runs New York City's subways and buses, faces uncertainty about external funding and its bonding options.

Variables range from the effect of the federal tax bill on advance bond refundings to external support for a subway improvement plan.

Municipal issuers continue to race to market with deals before the calendar turns over, as the tax bill may limit issuance in 2018.

Regional Plan Association's far-reaching ideas for New York-area transit overhaul struck some nerves, and president Tom Wright welcomes the debate.

The Regional Plan Association recommends congestion pricing, infrastructure banks, public benefit corporations, a regional rail system and an end to 24-hour New York subway service.

The Citizens Budget Commission says deficits could compromise Chairman Joseph Lhota's subway improvement plan.

The municipal bond market is getting set for the Thanksgiving holiday as it looks ahead to next week’s $11.73 billion new issue calendar.

Underwriters priced the New York Metropolitan Transportation Authority’s $2 billion advance refunding deal for institutions on Tuesday, the last big offering of the week.

The MTA tapped a transportation professional with experience in Toronto and London to spearhead the modernization of New York's subway and bus system.

Underwriters priced the New York Metropolitan Transportation Authority’s $2.2 billion advance refunding deal for institutions on Tuesday. In secondary trading, municipals turned weaker.

Underwriters priced the New York Metropolitan Transportation Authority’s $2.2 billion advance refunding deal for institutions on Tuesday. The green bonds were offered to retail buyers on Monday, who ordered about $770 million of the bonds, according to a market source.

The MTA offered $2.2 billion of green bonds to retail buyers, looking to save on borrowing costs with a type of sale that may be banned under pending tax legislation.

The New York Metropolitan Transportation Authority’s $2.2 billion deal was offered to retail buyers. In secondary trading, municipals were trading mixed at mid-session.

With the future of advance refundings and private activity bonds up in the air, the New York Metropolitan Transportation Authority has decided to take action and advance refund debt while they still can. Given the uncertainty, the MTA’s move could be repeated by many other issuers in position to do so, elevating issuance for the rest of the year.

The New York Metropolitan Transportation Authority heads to market on Monday with the week’s biggest deal — a $2 billion green bond offering.

Muni volume gets a boost during the Thanksgiving holiday week as one of the nation's biggest issuers comes to market with a type of deal that may be banned after this year under pending tax reform legislation.

New York's MTA is pouring its capital into projects that don't reflect population growth, says a Manhattan Institute report.

Although New York's Metropolitan Transportation Authority has invested more than $120 billion in capital improvements since 1982, the pace of investment has not kept up with the need.

The new system would feature enhanced technology and integrate across all the authority's subway, bus and commuter rail units.