The New York City Municipal Water Finance Authority sold $543 million of second resolution, fixed-rate tax exempt refunding bonds.

It sold the bonds Tuesday by negotiation after a one-day retail order period, in which it received $74.3 million of orders. Yields to maturity at the final pricing period ranged from 3.257% in 2027 to 4.158% in 2038, varying by coupon and maturity.

Ramirez & Co. was book-running senior manager, while Barclays, Citigroup, M.R. Beal & Co. and Raymond James were co-senior managers.

Fitch Ratings and Standard & Poor's rated the bonds AA-plus, while Moody's Investors Service assigned an Aa2 rating.

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