NY to Sell $720M in General Revenue Bonds for Bridge and Tunnel Projects

Dow Jones

Jul 26, 2025

By Chris Wack

The Triborough Bridge and Tunnel Authority is offering $720 million in general revenue bonds to finance bridge and tunnel projects in New York City.

The offering is structured in two tranches, including $500 million in Subseries 2025 A-1 general revenue bonds, and $220 million in Subseries 2025 A-2 general revenue refunding bonds, according to documents on MuniOS.

The Series 2025 A bonds are general obligations of MTA Bridges and Tunnels payable generally from the revenue collected on the bridges and tunnels it operates. The bonds are not a debt of the state of New York or the city of New York.

The bonds are excluded from the owner's federal gross income, and not a specific preference item for an owner in calculating the federal individual alternative minimum tax.

Yield and price for the bonds have not been set yet.

The Subseries 2025 A-1 bonds are being issued to finance bridge and tunnel projects included in the MTA's approved capital programs. The Subseries 2025 A-2 bonds are being issued to refund certain outstanding general revenue bonds of the MTA, which may include bonds issued as Build America Bonds.

Interest payments will be made on a semiannual basis beginning Nov. 15, 2025.

Moody's has given the bonds an Aa3 rating, and S&P Global Ratings and Fitch has assigned the bonds an AA- rating.

Morgan Stanley is listed as the offering's lead manager.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

July 25, 2025 13:10 ET (17:10 GMT)

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The bonds are not a debt of the state of New York or the city of New York. \n</p>\n<p>\n  The bonds are excluded from the owner's federal gross income, and not a specific preference item for an owner in calculating the federal individual alternative minimum tax. \n</p>\n<p>\n  Yield and price for the bonds have not been set yet. \n</p>\n<p>\n  The Subseries 2025 A-1 bonds are being issued to finance bridge and tunnel projects included in the MTA's approved capital programs. The Subseries 2025 A-2 bonds are being issued to refund certain outstanding general revenue bonds of the MTA, which may include bonds issued as Build America Bonds. \n</p>\n<p>\n  Interest payments will be made on a semiannual basis beginning Nov. 15, 2025. \n</p>\n<p>\n  Moody's has given the bonds an Aa3 rating, and S&amp;P Global Ratings and Fitch has assigned the bonds an AA- rating. \n</p>\n<p>\n  <a href=\"https://laohu8.com/S/MTK\">Morgan Stanley</a> is listed as the offering's lead manager. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Chris Wack at chris.wack@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 25, 2025 13:10 ET (17:10 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2133065610.SGD","symbol_name":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2554799138","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2554799138","pubTimestamp":1753463400,"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":"The Triborough Bridge and Tunnel Authority is offering $720 million in general revenue bonds to finance bridge and tunnel projects in New York City.The offering is structured in two tranches, including $500 million in Subseries 2025 A-1 general revenue bonds, and $220 million in Subseries 2025 A-2 general revenue refunding bonds, according to documents on MuniOS.The Series 2025 A bonds are general obligations of MTA Bridges and Tunnels payable generally from the revenue collected on the bridges and tunnels it operates. 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The bonds are not a debt of the state of New York or the city of New York. \n\n\n  The bonds are excluded from the owner's federal gross income, and not a specific preference item for an owner in calculating the federal individual alternative minimum tax. \n\n\n  Yield and price for the bonds have not been set yet. \n\n\n  The Subseries 2025 A-1 bonds are being issued to finance bridge and tunnel projects included in the MTA's approved capital programs. The Subseries 2025 A-2 bonds are being issued to refund certain outstanding general revenue bonds of the MTA, which may include bonds issued as Build America Bonds. \n\n\n  Interest payments will be made on a semiannual basis beginning Nov. 15, 2025. \n\n\n  Moody's has given the bonds an Aa3 rating, and S&P Global Ratings and Fitch has assigned the bonds an AA- rating. \n\n\nMorgan Stanley is listed as the offering's lead manager. \n\n\n \n\n\n  Write to Chris Wack at chris.wack@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 25, 2025 13:10 ET (17:10 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":0,"need_auth":true,"code":"91000000","status":"200"}}}