New York City arranges $800 million G.O. bond offering for Tuesday

By Sheri Kasprzak

New York, Feb. 19 – The City of New York is set to price $800 million of series 2016C-D general obligation bonds on Tuesday, said a preliminary official statement.

The offering includes $750 million of series 2016C bonds and $50 million of series 2016D bonds.

The bonds are due 2016 to 2035.

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

Proceeds will be used to redeem existing debt.

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