New York City plans to price $1 billion of general obligation bonds this month, including an $800 million of tax-exempt fixed-rate refunding bonds by negotiation on March 12. That sale will follow a two-day retail period.
Book-running senior manager RBC Capital Markets will lead the sale with co-senior managers Bank of America Merrill Lynch, Citi, Jefferies, JPMorgan, Morgan Stanley, and Siebert Brandford Shank & Co. LLC.
The city plans to sell roughly $200 million of taxable fixed-rate bonds consisting of $100 million of new money bonds and a conversion of about $100 million of variable rate demand bonds to fixed-rate. The pricing of the taxable bonds will also take place on March 12, by competitive sale.
A preliminary official statement was expected to be available March 2.
