Issuer |
Metropolitan Transportation Authority |
State |
New York |
Amount1 |
$450,000,000 |
Type
Issue/Series |
Transportation Revenue Bond Anticipation Notes Subseries 2018C-1 Per the NOS, the coupon rate has been set at 5.00% |
Rating |
S&P: SP-1Fitch: F1+ Kroll: K1+Moody's: MIG 1 |
Good Faith |
Successful bidder(s) to wire 1% of notes awarded, to MTA by 1 pm ET on day of award. See NOS for details. |
|
Sale Date |
10/03/18 |
Dated Date |
10/10/18 |
Settlement
Date2 |
10/10/18
|
Sale Time |
9:15 AM - 9:35 AM Eastern Time |
|
Interest Due |
11/15/18, 5/15/19, 11/15/19, 5/15/20, 9/01/20 |
Maturity Date |
9/01/20 |
Days to Maturity |
681 |
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 Advisor |
Issuer |
MTA Patrick J. McCoy Director, Finance (212) 878-7183 pmccoy@mtahq.org |
|
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