New York City preps $130 million sale of taxable G.O.s for Tuesday

By Sheri Kasprzak

New York, June 3 - The City of New York is expected to price $130 million of series 2011J taxable general obligation bonds on Tuesday, said a preliminary official statement.

The offering includes $30 million of series 2011J-1 bonds and $100 million of series 2011J-2 bonds.

The bonds will be sold competitively with Public Resources Advisory Group and A.C. Advisory Inc. as the financial advisers.

The 2011J-1 bonds are due 2013 to 2026, and the 2011J-2 bonds are due 2017 to 2026.

Proceeds will be used to fund capital needs for the city.

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