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

By Sheri Kasprzak

New York, June 4 - The City of New York is scheduled to price $800 million in series 2010H general obligation bonds on Wednesday, according to a notice of sale.

The bonds (Aa2/AA/) will be sold on a negotiated basis.

Morgan Stanley & Co. Inc. leads the syndicate. The co-managers are Bank of America Merrill Lynch; Citigroup Global Markets Inc.; J.P. Morgan Securities Inc.; Siebert Brandford Shank & Co. LLC; Barclays Capital Inc.; M.R. Beal & Co. Inc.; Fidelity Capital Markets Services Inc.; Goldman Sachs & Co.; Jefferies & Co.; Loop Capital Markets LLC; Ramirez & Co. Inc.; Rice Financial Products Co.; Roosevelt & Cross Inc.; Southwest Securities Inc.; Wells Fargo Bank, NA; Cabrera Capital Markets LLC; Lebenthal & Co. LLC; Raymond James & Associates Inc.; Jackson Securities Inc.; MFR Securities Inc.; RBC Capital Markets Corp.; Janney Montgomery Scott LLC; Morgan Keegan & Co. Inc.; and TD Securities.

The offering is comprised of $780 million in series 2010H-1 Build America Bonds and $20 million in series 2010H-2 tax-exempt bonds.

Both subseries are due 2012 to 2036.

Proceeds from the offering will be used for general 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.