New York City orchestrates $750 million G.O. bond sale for Thursday

By Sheri Kasprzak

New York, July 24 – The City of New York is slated to price $750 million of series 2016A-B general obligation bonds on Thursday, said a preliminary official statement.

The bonds will be sold through senior manager Siebert Brandford Shank & Co. LLC with BofA Merrill Lynch, J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Jefferies & Co. and Morgan Stanley & Co. LLC as the co-senior managers. The co-managers are Barclays, Janney Montgomery Scott LLC, PNC Capital Markets LLC, RBC Capital Markets LLC, Southwest Securities Inc., Fidelity Capital Markets, Lebenthal & Co. LLC, Ramirez & Co. Inc., Rice Financial Products Co., Goldman Sachs & Co., Loop Capital Markets LLC, Raymond James/Morgan Keegan, Roosevelt & Cross Inc., Wells Fargo Securities LLC, Blaylock Beal Van LLC, Cabrera Capital Markets LLC, TD Securities (USA) LLC and Drexel Hamilton LLC.

The deal includes $650 million of series 2016A bonds and $100 million of series 2016B bonds.

Both bonds are due 2016 to 2035.

Proceeds will be used to redeem outstanding bonds.

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