New York City Municipal Water to sell $333.09 million bonds Tuesday

By Sheri Kasprzak

New York, July 14 - The New York Municipal Water Finance Authority plans to price its previously announced $333.09 million in series 2009AA water and sewer second general resolution revenue bonds, according to a preliminary official statement.

The bonds (Aa3/AA/) will be sold on a negotiated basis with Depfa First Albany as the lead manager. Merrill Lynch; M.R. Beal & Co.; Siebert Brandford Shank & Co.; Banc of America Securities LLC; Citigroup Global Markets; Goldman, Sachs & Co.; JPMorgan; Lehman Brothers; Loop Capital Markets; Morgan Stanley; Raymond James & Associates; Wachovia Bank; Piper Jaffray & Co.; Prager, Sealy & Co.; RBC Capital Markets; and Roosevelt & Cross are the co-managers.

The bonds are due from 2013 to 2022.

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

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