N.Y.C. Municipal Water Finance to price $333.09 million revenue bonds

By Sheri Kasprzak

New York, July 8 - The New York City Municipal Water Finance Authority intends to sell $333.09 million in series 2009AA water and sewer second general resolution revenue bonds, said a preliminary official statement.

The bonds will be sold on a negotiated basis with Depfa First Albany as the senior manager. The co-managers are Merrill Lynch & Co.; M.R. Beal & Co.; Siebert Brandford Shank & Co.; Banc of America Securities LLC; Citigroup Global Markets; Goldman, Sachs & Co.; J.P. Morgan Securities Inc.; Lehman Brothers; Loop Capital Markets; Morgan Stanley & Co. Inc.; Raymond James & Associates; Wachovia Bank; Piper Jaffray; Prager, Sealy & Co.; RBC Capital Markets; and Roosevelt & Cross.

The bonds are due 2013 to 2022.

Proceeds will be used to pay the principal and interest payments on the authority's outstanding series 2008CC revenue bonds.

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