N.Y. City Plans $900M GO Sale

Published August 04, 2014, 3:15 p.m. EDT

Updated April 04, 2017, 12:43 p.m. EDT

1 Min Read

New York City plans to price $900 million of tax-exempt, fixed-rate refunding bonds on Aug. 13, after a two-day retail order period.

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Book-running senior manager Bank of America Merrill Lynch will lead the sale, according to a spokesman for city Comptroller Scott Stringer.

Citigroup, Jefferies, JPMorgan, Morgan Stanley and Siebert Brandford Shank & Co. LLC will serve as co-senior managers. The city has $41.7 billion of debt as of June 30. Moody's Investors Service rates the city's GO bonds Aa2. Fitch Ratings and Standard & Poor's rate them AA.

Paul Burton

Northeast Regional Editor

Paul Burton is the Northeast Regional Editor for The Bond Buyer. His major coverage has included New York City and MTA finances; the Harrisburg, Pa.,... Read full bio

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