By Sheri Kasprzak
New York, March 9 - The New York City Municipal Water Finance Authority sold $500 million in series 2010EE second generation water and sewer taxable Build America Bonds on Tuesday, according to a pricing sheet.
The bonds (Aa3/AA+/AA) were sold on a negotiated basis with Jefferies & Co. as the senior manager.
The bonds are due 2042, in a split maturity, with 6.011% and 6.491% coupons, both priced at par.
Proceeds from the bonds will be used to fund water and sewer capital projects.
| Issuer: | New York City Municipal Water Finance Authority
|
| Issue: | Series 2010EE second generation water and sewer taxable Build America Bonds
|
| Amount: | $500 million
|
| Type: | Negotiated
|
| Underwriter: | Jefferies & Co.
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA+
|
| Fitch: AA
|
| Pricing date: | March 9
|
| Settlement date: | March 18
|
|
|
| Maturity | Type | Coupon | Price
|
| 2042 | Term | 6.011% | 100
|
| 2042 | Term | 6.491% | 100
|
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