New York City to price $433 million general obligation bonds April 6

By Sheri Kasprzak

New York, March 30 - The city of New York is set to price $433 million in series 2009I general obligation bonds on April 6, according to a preliminary official statement.

The sale includes $400 million in series 2009I-1 tax-exempt bonds and $33 million in series 2009I-2 taxable bonds.

Morgan Stanley & Co. is the senior manager for the negotiated sale. The co-managers are Citigroup Global Markets Inc.; J.P. Morgan Securities Inc.; Merrill Lynch & Co. Inc.; Banc of America Securities LLC; Barclays Capital Corp.; M.R. Beal & Co.; Depfa First Albany Securities LLC; Goldman, Sachs & Co.; Loop Capital Markets LLC; Prager, Sealy & Co. LLC; Ramirez & Co. Inc.; RBC Capital Markets Corp.; Siebert Brandford Shank & Co. LLC; Wachovia Bank; Cabrera Capital Markets Inc.; Jackson Securities Inc.; Janney Montgomery Scott LLC; Raymond James & Associates Inc.; Roosevelt & Cross Inc.; Southwest Securities Inc.; and TD Securities.

The bonds are due 2011 to 2037.

Proceeds will be used for capital expenses.

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