NYC's Triborough Bridge and Tunnel to Sell $800M of Notes for Transit Projects

Dow Jones

03-29

By Zaeem Shoaib

New York City's Triborough Bridge and Tunnel Authority plans to sell $800 million of securities in a competitive auction to finance transit and commuter projects.

The authority plans to sell $400 million of Payroll Mobility Tax Bond Anticipation Notes, Series 2025 B -1, due March 15, 2027, with an interest rate of 5%, according to documents posted Thursday on MuniOS.

In addition, the authority plans to sell $400 million of Payroll Mobility Tax Bond Anticipation Notes, Series 2025 B -2, due March 15, 2029, with an interest rate of 5%.

Bids for the notes will be received on April 2, and the notes are expected to be delivered by April 9.

Proceeds from the notes will be used to pay for approved transit and commuter projects included in authority's the 2020-2024 capital program, fund capitalized interest payments due on notes through maturity, and pay certain financing, legal and miscellaneous expenses.

Principal and interest on the notes will be paid from proceeds of other obligation anticipation notes issued to refinance the Series 2025 B Notes and proceeds of certain Take-Out Bonds.

Write to Zaeem Shoaib at zaeem.shoaib@wsj.com

(END) Dow Jones Newswires

March 28, 2025 15:19 ET (19:19 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4160","symbol_name":"多样化房地产投资信托v","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2523682971","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2523682971","pubTimestamp":1743189540,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"New York City's Triborough Bridge and Tunnel Authority plans to sell $800 million of securities in a competitive auction to finance transit and commuter projects.The authority plans to sell $400 million of Payroll Mobility Tax Bond Anticipation Notes, Series 2025 B -1, due March 15, 2027, with an interest rate of 5%, according to documents posted Thursday on MuniOS.In addition, the authority plans to sell $400 million of Payroll Mobility Tax Bond Anticipation Notes, Series 2025 B -2, due March 15, 2029, with an interest rate of 5%.Bids for the notes will be received on April 2, and the notes are expected to be delivered by April 9.Proceeds from the notes will be used to pay for approved transit and commuter projects included in authority's the 2020-2024 capital program, fund capitalized interest payments due on notes through maturity, and pay certain financing, legal and miscellaneous expenses.Principal and interest on the notes will be paid from proceeds of other obligation anticipati","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4160":"多样化房地产投资信托v","NYC":"American Strategic Investment","BK4233":"房地产运营公司"},"translate_title":"纽约市Triborough Bridge and Tunnel将出售8亿美元票据用于交通项目","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NYC":1,"US10Y.BOND":0.63,"US12M.BOND":0.63,"US2Y.BOND":0.63,"US30Y.BOND":0.63,"US3Y.BOND":0.63,"US5Y.BOND":0.63,"US6M.BOND":0.63,"US7Y.BOND":0.63},"content_text":"By Zaeem Shoaib \n\n\n \n\n\n  New York City's Triborough Bridge and Tunnel Authority plans to sell $800 million of securities in a competitive auction to finance transit and commuter projects. \n\n\n  The authority plans to sell $400 million of Payroll Mobility Tax Bond Anticipation Notes, Series 2025 B -1, due March 15, 2027, with an interest rate of 5%, according to documents posted Thursday on MuniOS. \n\n\n  In addition, the authority plans to sell $400 million of Payroll Mobility Tax Bond Anticipation Notes, Series 2025 B -2, due March 15, 2029, with an interest rate of 5%. \n\n\n  Bids for the notes will be received on April 2, and the notes are expected to be delivered by April 9. \n\n\n  Proceeds from the notes will be used to pay for approved transit and commuter projects included in authority's the 2020-2024 capital program, fund capitalized interest payments due on notes through maturity, and pay certain financing, legal and miscellaneous expenses. \n\n\n  Principal and interest on the notes will be paid from proceeds of other obligation anticipation notes issued to refinance the Series 2025 B Notes and proceeds of certain Take-Out Bonds. \n\n\n \n\n\n  Write to Zaeem Shoaib at zaeem.shoaib@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 28, 2025 15:19 ET (19:19 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}