Power Authority of New York to price $110.21 million of revenue bonds

By Sheri Kasprzak

New York, Sept. 15 - The Power Authority of the State of New York is slated to bring $110.21 million of series 2011A revenue bonds, according to a preliminary official statement.

The bonds will be sold on a negotiated basis with Ramirez & Co. Inc. as the lead manager. The co-managers are Barclays Capital Inc.; Citigroup Global Markets Inc.; Loop Capital Markets LLC; Morgan Stanley & Co. LLC; Wells Fargo Securities LLC; Bank of America Merrill Lynch; Goldman, Sachs & Co.; J.P. Morgan Securities LLC; M.R. Beal & Co. Inc.; and Siebert Brandford Shank & Co. LLC.

The bonds are due 2014 to 2031 with term bonds due in 2036 and 2040.

Proceeds will be used to refund the authority's series 2000A and 2002A revenue bonds.

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