January 9, 2013 / 2:06 PM / 5 years ago

New York's MTA to sell $500 mln bonds in Jan 14 week

Jan 9 (Reuters) - New York's Metropolitan Transportation Authority plans to
sell $500 million of series 2013A transportation revenue bonds during the week
of Jan. 14, said a market source on Wednesday.
    Citigroup is the lead manager of the sale of the bonds, which are being
issued to finance transit and commuter projects, according to the preliminary
official statement.
    In November, the MTA announced it plans borrowing $4.8 billion after
Superstorm Sandy.

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