By Aaron Hochman-Zimmerman
New York, March 17 - The New York City Transitional Finance Agency priced an upsized $220 million of tax-exempt senior lien refunding bonds (Aa1/AA+/AAA), according to an authority press release.
Yields ranged from 1.15% to 4.15% for the bonds. The deal was initially expected at $200 million.
Maturities range from 2010 to 2019.
Barclays Capital Inc. acted as lead underwriter for the negotiated bonds.
Goldman, Sachs & Co., J.P. Morgan Securities Inc. and Morgan Stanley & Co. were co-managers.
The initial retail period brought $125 million of interest.
Issuer: New York City Transitional Finance Agency
Issue: Tax-exempt senior lien refunding bonds
| Amount: | $220 million
|
| Maturities: | 2010 to 2019
|
| Yield range: | 1.15% to 4.15%
|
| Type: | Negotiated
|
| Underwriter: | Barclays Capital Inc.
|
| Pricing date: | March 17
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA+
|
| Fitch: AAA |
|
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