New York City to sell $800 million G.O. bonds Wednesday

By Cristal Cody

Springdale, Ark., Aug. 1 - New York City plans to price its previously announced $800 million tax-exempt general obligation bonds on Wednesday, according to a sale calendar.

The fiscal 2009 subseries A1 bonds (Aa3/AA/) have serial maturities from 2010 through 2029.

J.P. Morgan Securities Inc. is the senior manager of the negotiated sale.

Co-managers are Citigroup Global Markets; Merrill Lynch & Co.; Morgan Stanley; Banc of America Securities LLC; M.R. Beal & Co.; Depfa First Albany Securities LLC; Goldman, Sachs & Co.; Lehman Brothers; Loop Capital Markets LLC; Prager, Sealy & Co.; Ramirez & Co.; RBC Capital Markets; Siebert Brandford Shank & Co.; Wachovia Bank, NA; Cabrera Capital Markets Inc.; Commerce Capital Markets Inc.; Jackson Securities; Janney Montgomery Scott LLC; Raymond James & Associates Inc.; Roosevelt & Cross Inc.; and Southwest Securities.

Proceeds will be used for capital purposes.

© 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.