New York State Environmental Facilities to sell $361.55 million revs Tuesday

By Sheri Kasprzak

New York, March 20 - The New York State Environmental Facilities Corp. is expected to price $361.55 million in series 2009A state clean water and drinking water revolving funds revenue bonds Tuesday, according to a preliminary official statement.

The bonds will be sold through senior managers Goldman, Sachs & Co. and M.R. Beal & Co. The co-managers include Banc of America Securities LLC; Raymond James & Associates Inc.; Citigroup Global Markets Inc.; RBC Capital Markets Inc.; Citigroup Global Markets Inc.; Depfa First Albany Securities LLC; Lebenthal & Co. LLC; Rice Financial Products Co.; Fidelity Capital Markets Inc.; Loop Capital Markets LLC; Roosevelt & Cross Inc.; Grigsby & Associates Inc.; Merrill Lynch & Co. Inc.; Siebert Brandford Shank & Co. LLC; J.P. Morgan Securities Inc.; Morgan Stanley & Co.; and Wachovia Bank.

The bonds are due 2010 to 2038. The offering also includes term bonds, but the maturities have not been set.

Proceeds will be used to provide financial assistance to the New York City Municipal Water Finance Authority to fund water pollution control and drinking water projects.

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