TERMS* [ Print Page ]    
MTA.TRBAN.18A
  Issuer Metropolitan Transportation Authority
  State New York
  Amount1 $500,000,000
  Type Issue/Series   Transportation Revenue Bond Anticipation Notes
  Series 2018A
  Per the NOS, the coupon rate has been set at 4.00%
  Rating  
  • S&P: SP-1+
  • Fitch: 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. Please see NOS for details.

      Sale Date 1/17/18
      Dated Date 1/23/18
      Settlement Date2   1/23/18
      Sale Time 9:15 AM - 9:30 AM Eastern Time

      Interest Due 5/15/18, 11/15/18, 5/15/19, 8/15/19
      Maturity Date 8/15/19
      Days to Maturity   562
      Day Basis 30/360
      Call Dates Non-callable
      Min. Bid Price   $25,000,000
      Min. Bid Increment   $5,000,000
      Premium Bids   Allowed
      Discount Bids   Allowed, Max. 1.0%
      Other Details
  • Interest rate = 4.0%
  • 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
    Terms as of 10/23/2018 @ 2:28 am
    1Preliminary, subject to change
    2Check offering documents or with Issuer and/or FA to ascertain if settlement is Firm or Tentative.
    * Disclaimer: This Term Sheet is provided by Grant Street Group for informational purposes and the convenience of bidders. Grant Street Group is not responsible for any inaccuracy in the information displayed. Bidders should carefully review the Notice of Sale and Preliminary Official Statement and decide whether to purchase Bonds solely on the basis of the information provided therein.

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