New York City plans to price $850 million of tax-exempt, fixed-rate refunding bonds on June 11. A two-day retail order period will precede the negotiated sale.
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Book-running senior manager Morgan Stanley will lead the sale with Bank of America Merrill Lynch, Citi, JPMorgan, Jefferies and Siebert Brandford Shank & Co. LLC serving as co-senior managers.
A preliminary official statement is expected to be available on May 30, according to a spokesman for city Comptroller Scott Stringer.
Moody's Investors Service rates the city's general obligation bonds Aa2. Fitch Ratings and Standard & Poor's rate them AA.
