New York State Environmental to sell $193.56 million revenue bonds

By Sheri Kasprzak

New York, June 13 - The New York State Environmental Facilities Corp. is set to price $193.56 million of series 2011C state revolving fund revenue bonds, according to a preliminary official statement.

The bonds (Aaa/AAA/AAA) will be sold on a negotiated basis with Bank of America Merrill Lynch and Siebert Brandford Shank & Co. LLC as the senior managers. The co-managers are Citigroup Global Markets Inc.; Fidelity Capital Markets LLC; Goldman Sachs & Co.; Grigsby & Associates Inc.; J.P. Morgan Securities LLC; Jefferies & Co.; Lebenthal & Co. LLC; Loop Capital Markets LLC; M.R. Beal & Co.; Morgan Stanley & Co. Inc.; Ramirez & Co. Inc.; Raymond James & Associates Inc.; RBC Capital Markets LLC; Rice Financial Products Co.; Roosevelt & Cross Inc.; and Wells Fargo Securities LLC.

The bonds are due 2011 to 2041.

Proceeds will be used to fund eligible drinking and clean water projects within the state.

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