New York City to price $700 million tax-exempt refunding bonds Dec. 9

By Sheri Kasprzak

New York, Dec. 3 - The City of New York is scheduled to price $700 million in series 2009 fixed-rate tax-exempt refunding bonds on Dec. 9, according to a sales calendar. A retail order period will be conducted from Dec. 4 through Dec. 8.

The bonds (Aa3/AA/AA-) will be sold through senior manager Citigroup Global Markets Inc. The co-managers include J.P. Morgan Securities Inc., Merrill Lynch & Co., Morgan Stanley & Co. and Siebert Brandford Shank & Co. LLC.

Proceeds will be used to refund existing debt.

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