Bond calls/redemption notices/defeasance
Transportation Revenue Refunding Bonds, Subseries 2020B-2
Notice of Partial Redemption ($5 million) of TRB 2020B-2 (CUSIP 59261AF85), on March 24, 2022
Dedicated Tax Fund Bond Anticipation Notes (BANs), Series 2019A
Notice of Defeasance of DTF BANs Series 2019A (CUSIP 59260XAA6), on February 10, 2022.
Transportation Revenue Bond Anticipation Notes (BANs), Series 2020B
Notice of Redemption of TR BANs Series 2020B (CUSIP 59261AG92), on March 1, 2022. These 2020B BANs had been placed with the federal Municipal Liquidity Facility (MLF).
Grant Anticipation Notes (GANs), Series 2021A
Notice of Redemption of GANs Series 2021A (CUSIP 59261AM79) on February 10, 2022
Letter of Credit (LOC) Substitutions
Mandatory Tender Notices
On March 28, 2022 S&P Global Ratings upgraded its short-term ratings on MTA's enhanced VRDB Subseries TRB 2005D-2 (CUSIP 59259YAE9) to 'A-1'as result of its upgrade of the Subseries 2005D-2 Letter of Credit Provider - Landesbank Hessen-Thueringen Girozentrale (Helaba) on March 22, 2022. The long-term enhanced ratings on the Subseries TRB 2005D-2 were affirmed. See the S&P press release.
On March 18, 2022, Moody's upgraded Assured Guaranty (AGM) to A1, which upgraded the Insured Ratings to A1 on certain Transportation Revenue Bonds that are insured by AGM. The Transportation Revenue Bond Subseries affected are 2002D-1, 2002D-2a-1, 2002D-2a-2, 2002D-2b, 2003A, 2006B, 2012E, 2019A-2, 2019A-3, 2019B, 2019C, 2019D-2, and 2020A-1. For more information see the Moody's report.
On April 11, 2022, MTA prepaid the outstanding $378.5 million on the 2021E RAN, with JP Morgan. Read more. For additional information regarding these lines of credits see the Investor website Lines of Credit page
On March 31, 2022 and April 1, 2022, MTA prepaid the outstanding $95.3 million on the 2021C RAN and $2.5 million on the 2021D RAN, both with Bank of America, respectively. Read more. For additional information regarding these lines of credits see the Investor website Lines of Credit page.
On March 21, 2022 and March 24, 2022, MTA prepaid the outstanding $300 million on the 2021A RAN (with Bank of America) and $420 million on the 2021B RAN (with JP Morgan), respectively. Read more. For additional information regarding these lines of credit see the Investor website Lines of Credit page.