New York City to price $650 million general obligation bond offering

By Sheri Kasprzak

New York, Feb. 26 - The City of New York is set to price $650 million of series 2014I-1 general obligation bonds, according to a preliminary official statement.

The bonds will be sold on a negotiated basis with Citigroup Global Markets Inc. as the senior manager. The co-managers are BofA Merrill Lynch; J.P. Morgan Securities LLC; Morgan Stanley & Co. LLC; Jefferies & Co.; Siebert Brandford Shank & Co. LLC; Barclays; Janney Montgomery Scott LLC; PNC Capital Markets LLC; RBC Capital Markets LLC; Southwest Securities Inc.; Fidelity Capital Markets LLC; Lebenthal & Co. LLC; Ramirez & Co. Inc.; Rice Financial Products Co.; Goldman, Sachs & Co.; Loop Capital Markets LLC; Raymond James/Morgan Keegan; Roosevelt & Cross Inc.; Wells Fargo Securities LLC; Blaylock Beal Van LLC; Cabrera Capital Markets LLC; Drexel Hamilton LLC; and TD Securities (USA) LLC.

The bonds are due 2016 to 2039.

Proceeds will be used to finance capital projects.

© 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.