New York City preps $600 million sale of G.O. bonds for Wednesday

By Sheri Kasprzak

New York, July 15 - The City of New York is prepared to bring to market $600 million of series 2012A general obligation bonds on Wednesday, according to a preliminary official statement.

The offering includes $515 million of series 2012A-1 tax-exempt bonds and $85 million of series 2012A-2 taxable bonds.

The 2012A-1 bonds will be sold on a negotiated basis with Citigroup Global Markets Inc. as the senior manager.

The co-managers for the 2012A-1 bonds are Bank of America Merrill Lynch; J.P. Morgan Securities LLC; Morgan Stanley & Co. Inc.; Siebert Brandford Shank & Co. LLC; Barclays Capital Inc.; M.R. Beal & Co.; Fidelity Capital Markets LLC; Goldman Sachs & Co.; Jefferies & Co.; Loop Capital Markets LLC; Ramirez & Co. Inc.; Rice Financial Products Co.; Roosevelt & Cross Inc.; Southwest Securities Inc.; Wells Fargo Bank, NA; Cabrera Capital Markets LLC; Lebenthal & Co. LLC; Raymond James & Associates Inc.; Jackson Securities Inc.; MFR Securities Inc.; RBC Capital Markets LLC; Janney Montgomery Scott LLC; Morgan Keegan & Co. Inc.; and TD Securities (USA) LLC.

The 2012A-2 bonds will be sold competitively with Public Resources Advisory Group Inc. as the financial adviser.

The bonds are due 2013 to 2039.

Proceeds will be used to fund capital requirements for the city.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.