Issuer |
Metropolitan Transportation Authority |
State |
New York |
Amount1 |
$750,000,000 |
Type
Issue/Series |
Dedicated Tax Fund Bond Anticipation Notes Series 2019A Per the NOS, the coupon rate has been set at 5.00% |
Rating |
S&P: SP-1+Fitch: F1+ |
Good Faith |
Successful bidder(s) to wire 1% of notes awarded, to MTA by 2 pm ET on day of award. See NOS for details. |
|
Sale Date |
3/12/19 |
Dated Date |
3/19/19 |
Settlement
Date2 |
3/19/19
|
Sale Time |
9:30 AM - 9:48 AM Eastern Time |
|
Interest Due |
5/15/19, 11/15/19, 5/15/20, 11/15/20, 5/15/21, 11/15/21, 3/01/22 |
Maturity Date |
3/01/22 |
Days to Maturity |
1062 |
Day Basis |
30/360 |
Call Dates |
Non-callable |
Min. Bid Price
|
$50,000,000 |
Min. Bid Increment
|
$5,000,000 |
Premium Bids
|
Allowed |
Discount Bids
|
Allowed |
Other Details |
Interest rate = 5.0% Max UW discount: $3.50/note or 0.35%. TIC calculated to Maturity Date. |
|
Bid Format |
Partial |
Auction Format |
Open |
Award Basis
|
TIC Semi-Annual Compounding |
Two-Minute Rule
|
Yes |
Bond Counsel |
Nixon Peabody LLP New York, NY and D. Seaton and Associates New York, NY Co-Bond Counsel |
Web
Site |
www.MuniAuction.com |
Contact |
PRAG New York, NY Attn: Ms. May Chau Phone: 212-380-5268 mchau@pragadvisors.com and Backstrom McCarley Berry & Co., LLC San Francisco, CA Attn: Leonard Berry Phone: 415-392-5505 lberry@bmcbco.com Co-Financial s |
Issuer |
MTA Patrick J. McCoy Director, Finance (212) 878-7183 pmccoy@mtahq.org |
|
|