By Sheri Kasprzak
New York, June 7 - The City of New York came to market Tuesday with $130 million of series 2011J taxable general obligation bonds, said a pricing sheet.
The offering included $30 million of series 2011J-1 bonds and $100 million of series 2011J-2 bonds.
Morgan Stanley & Co. Inc. won the competitive bid.
The 2011J-1 bonds are due 2013 to 2016 with 0.87% to 2.17% coupons, all priced at par. The 2011J-2 bonds are due 2017 to 2026 with coupons from 2.68% to 4.4%, all priced at par.
Proceeds will be used to fund capital requirements for the city.
| Issuer: | City of New York
|
| Issue: | Series 2011J taxable general obligation bonds
|
| Amount: | $130 million
|
| Type: | Competitive
|
| Underwriter: | Morgan Stanley & Co. Inc. (winner)
|
| Pricing date: | June 7
|
| Settlement date: | June 23
|
|
|
| $30 million series 2011J-1
|
| Maturity | Type | Coupon | Price
|
| 2013 | Serial | 0.87% | 100
|
| 2014 | Serial | 1.23% | 100
|
| 2015 | Serial | 1.82% | 100
|
| 2016 | Serial | 2.17% | 100
|
|
|
| $100 million series 2011J-2
|
| Maturity | Type | Coupon | Price
|
| 2017 | Serial | 2.68% | 100
|
| 2018 | Serial | 3.08% | 100
|
| 2019 | Serial | 3.45% | 100
|
| 2020 | Serial | 3.75% | 100
|
| 2021 | Serial | 3.85% | 100
|
| 2022 | Serial | 4% | 100
|
| 2023 | Serial | 4.1% | 100
|
| 2024 | Serial | 4.2% | 100
|
| 2025 | Serial | 4.3% | 100
|
| 2026 | Serial | 4.4% | 100
|
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