New York City Municipal Water to sell $450 million revs Wednesday

By Sheri Kasprzak

New York, Dec. 1 - The New York City Municipal Water Finance Authority is set to sell $450 million in series 2009DD water and sewer system second general resolution revenue bonds on Wednesday, according to a calendar of offerings.

The bonds will be sold through lead manager Merrill Lynch & Co.

The co-managers are Depfa First Albany Securities; M.R. Beal & Co.; Siebert Brandford Shank & Co.; Banc of America Securities LLC; Barclays Capital; Citigroup Global Markets; Goldman, Sachs & Co.; J.P. Morgan Securities Inc.; Loop Capital Markets; Morgan Stanley & Co. Inc.; Raymond James & Associates; Wachovia Bank; Piper Jaffray & Co.; Prager Sealy & Co.; RBC Capital Markets; and Roosevelt & Cross.

Proceeds will be used to improve the city's water and sewer system and to repay the authority's commercial paper notes.

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