New York City organizes $850 million sale of G.O. bonds for Wednesday

By Sheri Kasprzak

New York, Feb. 22 - The City of New York plans to price $850 million of series 2013 general obligation bonds on Wednesday, according to a preliminary official statement.

The deal includes $500 million of series 2013F-1 tax-exempt bonds, $100 million of series 2013F-2 taxable bonds, $20 million of series 2013G tax-exempt bonds and $230 million of series 2013H tax-exempt bonds.

The bonds will be sold on a negotiated basis with Morgan Stanley & Co. LLC.

The co-managers are BofA Merrill Lynch, Jefferies & Co., J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Siebert Brandford Shank & Co. LLC, Barclays, Goldman Sachs & Co., Loop Capital Markets LLC, Raymond James/Morgan Keegan, Roosevelt & Cross Inc., M.R. Beal & Co., Janney Montgomery Scott LLC, PNC Capital Markets LLC, RBC Capital Markets LLC, Southwest Securities Inc., Fidelity Capital Markets Inc., Lebenthal & Co. LLC, Ramirez & Co. Inc., Rice Financial Products Co., Wells Fargo Securities LLC, Blaylock Robert Van LLC, Cabrera Capital Markets LLC, TD Securities (USA) LLC and Drexel Hamilton LLC.

The 2013F bonds are due 2015 to 2038 and the 2013G-H bonds are due 2013 to 2035.

Proceeds will be used to finance capital projects for the city.

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