New York City priced the primary's largest scheduled transaction yesterday — which was nearly double the size it was initially planned for — as the overall municipal market was unchanged to slightly firmer.

The city's $883 million general obligation bond offering was priced and repriced by senior manager Morgan Stanley. The deal was co-managed by Citi, JPMorgan, and Merrill Lynch & Co. It was originally slated to be $483 million, but was increased by $100 million during the retail order period on Friday, and then by an additional $300 million yesterday morning.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.