New York City Municipal Water to price $400 million revenue bonds

By Sheri Kasprzak

New York, March 15 - The New York City Municipal Water Finance Authority is set to sell $400 million of series 2011GG water and sewer system second general resolution revenue bonds, according to a preliminary official statement.

The bonds (Aa2/AA+/AA+) will be sold through senior manager M.R. Beal & Co. The co-managers are Barclays Capital Inc., Jefferies & Co., Morgan Keegan & Co. Inc., Bank of America Merrill Lynch, Ramirez & Co. Inc., Fidelity Capital Markets, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Loop Capital Markets LLC, Morgan Stanley & Co. Inc., Raymond James & Associates Inc., RBC Capital Markets LLC, Rice Financial Products Co., Roosevelt & Cross Inc., Siebert Brandford Shank & Co. LLC, Wells Fargo Bank, NA, BB&T Capital Markets, Lebenthal & Co., Oppenheimer & Co. Inc., Piper Jaffray & Co., Stifel, Nicolaus & Co. and Stone & Youngberg.

The bonds are due 2012 to 2026.

Proceeds will be used to construct, acquire and expand the city's water and sewer system.

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