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The MTA got saved by the banks?

Posted by Hamilton Express on Thu Sep 17 16:33:41 2020

Two of the biggest banks in the U.S. have been awarded $900 million dollars of the MTA’s debt. Bank of America got $600 million, JP Morgan $300 million.

https://www.bloomberg.com/news/articles/2020-09-15/bank-of-america-jpmorgan-win-900-million-of-new-york-mta-debt



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(1557922)

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Re: The MTA got saved by the banks?

Posted by Joe V on Thu Sep 17 16:41:22 2020, in response to The MTA got saved by the banks?, posted by Hamilton Express on Thu Sep 17 16:33:41 2020.

Fare backed bonds, an additional fixed cost on their operating budget.

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Re: The MTA got saved by the banks?

Posted by Olog-hai on Thu Sep 17 18:04:00 2020, in response to The MTA got saved by the banks?, posted by Hamilton Express on Thu Sep 17 16:33:41 2020.

Wow, what a "win".

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