Metropolitan Transportation Authority (MTA) of New York, founded in 1965, is a pivotal agency based in New York City dedicated to providing essential transportation services across the metropolitan area. The MTA operates an extensive network of subways, buses, and commuter trains, ensuring mobility for millions of residents and visitors each day.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| MTATRN 6.69% 2040-11-15 USDMetropolitan Transn Auth N Y D | United States | 2040-11-15 | 6.687 | 5.47 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
The MTA has a long history of bond issuance, having first introduced bonds to fund its infrastructure projects in the late 20th century. Significant issuances include the 2008 series of bonds aimed at enhancing subway and bus services, with current yields reflecting an attractive position within the municipal bond market. Notably, the recent issuance in 2022 focused on modernizing transit systems in response to the growing demands for improved public transportation, featuring green bond characteristics that highlight sustainability efforts in mainline transit.