Issuer |
Metropolitan Transportation Authority |
State |
New York |
Amount1 |
$800,000,000 |
Type
Issue/Series |
Transportation Revenue Bond Anticipation Notes Subseries 2020A-1 Per the NOS, the coupon rate has been set at 5.00% |
Rating |
Kroll: K1+S&P: SP-1Fitch: F1+Moody's: MIG1 |
Good Faith |
Successful bidder(s) to wire 1% of notes awarded, to MTA by 2:30 pm ET on day of award. See NOS for details. |
|
Sale Date |
1/06/20 |
Dated Date |
1/08/20 |
Settlement
Date2 |
1/08/20
|
Sale Time |
12:00 PM - 12:22 PM Eastern Time |
|
Interest Due |
5/15/20, 11/15/20, 5/15/21, 11/15/21, 5/15/22, 11/15/22, 2/01/23 |
Maturity Date |
2/01/23 |
Days to Maturity |
1103 |
Day Basis |
30/360 |
Call Dates |
Non-callable |
Min. Bid Price
|
$100,000,000 |
Min. Bid Increment
|
$5,000,000 |
Premium Bids
|
Allowed |
Discount Bids
|
Not 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 Rockfleet New York, NY Attn: Ms. Catherine Corrigan Phone: 212-257-2184 catherine.corrigan@rockfleetfinancial.com Co-Financial Advisor |
Issuer |
MTA Patrick J. McCoy Director, Finance (212) 878-7183 pmccoy@mtahq.org |
|
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