New York City has scheduled a $1.42 billion general obligation bond sale for Feb. 27 through negotiation, after a two-day retail period.

The city plans to price $520 million of new money bonds, $250 million of refunding bonds, both tax-exempt, fixed rate, and $122 million of tax-exempt bonds which will be converted from variable-rate demand bonds to fixed-rate bonds, a spokesman for city Comptroller John Liu said late Tuesday.

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