NY MTA still might increase size of last BABs sale

NEW YORK (BestGrowthStock) – New York’s Metropolitan Transportation Authority still might increase the size of next week’s $350 million offering of Build America Bonds, which will be its last such sale as Congress killed this kind of debt.

The authority’s board has approved issuing as much as $750 million of BABs.

But “The MTA is taking a conservative approach entering the market in order to issue the bonds at levels that will provide certainty of savings compared to the assumptions in our adopted budget,” a spokesman said in a statement.

(Reporting by Joan Gralla and Edith Honan; Editing by Chizu Nomiyama)

NY MTA still might increase size of last BABs sale