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New York City to price $425 million G.O. bonds
By Sheri Kasprzak
New York, Nov. 17 - New York City is expected to price $425 million in series 2009F general obligation bonds, according to a preliminary official statement.
The bonds will be sold on a negotiated basis with Merrill Lynch & Co. as the senior manager.
The co-managers are Citigroup Global Markets; J.P. Morgan Securities Inc.; Morgan Stanley & Co. Inc.; Banc of America Securities LLC; Barclays Capital; M.R. Beal & Co.; Depfa First Albany Securities; Goldman, Sachs & Co.; Loop Capital Markets; Prager, Sealy & Co.; Ramirez & Co.; RBC Capital Markets; Siebert Brandford Shank & Co.; Wachovia Bank; Cabrera Capital Markets; Commerce Capital Markets; Jackson Securities; Janney Montgomery Scott; Raymond James & Associates; Roosevelt & Cross; and Southwest Securities.
The sale includes $400 million in series 2009F-1 bonds and $25 million in series 2009F-2 bonds. Both series are due from 2010 to 2031.
Proceeds will be used for capital expenditures in the city.
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