New York City's Mayor's Office of Management and Budget, City Comptroller John Liu's office and two of the city's financing authorities have announced the selection of underwriting syndicates, following a request-for-proposals process.
Senior managers selected to underwrite general obligation bonds are Morgan Stanley, Bank of America Merrill Lynch, JPMorgan Securities LLC, Siebert Brandford Shank & Co. LLC, Jefferies & Co. and Citigroup Global Markets Inc.
Senior co-managers are Barclays Capital, Fidelity Capital Markets, Goldman Sachs & Co., Janney Montgomery Scott LLC, Lebenthal & Co. LLC, Loop Capital Markets LLC, M.R. Beal & Co., PNC Capital Markets LLC, Ramirez & Co., Raymond James | Morgan Keegan, RBC Capital Markets LLC, Rice Financial Products Co., Roosevelt & Cross Inc., Southwest Securities Inc., and Wells Fargo.
Co-managers are Blaylock Robert Van, LLC, Cabrera Capital Markets LLC, Drexel Hamilton LLC and TD Securities (USA) LLC.
Underwriters have been awarded separately for the New York City Transitional Finance Authority's future tax-secured bonds and building aid revenue bonds.
Senior managers for the future tax-secured bonds are Wells Fargo, Loop Capital, Goldman Sachs, JPMorgan, BofA Merrill Lynch, Morgan Stanley and Barclays Capital.
Senior co-managers are Citi, Fidelity Capital Markets, Jefferies, M.R. Beal, Oppenheimer & Co., Ramirez & Co., Raymond James | Morgan Keegan, RBC Capital Markets, Rice Financial Products, Roosevelt & Cross, Siebert Brandford Shank, Southwest Securities Inc. and Stifel Nicolaus Co.
Co-managers are BNY Mellon Capital Markets LLC, Estrada Hinojosa & Co., Prager & Co. LLC, Sterne Agee & Leach Inc., U.S. Bancorp Municipal Securities Group and Williams Capital Group LP.
Senior managers for the building aid revenue bonds are Ramirez and Goldman Sachs.
Co-managers are Barclays Capital, BofA Merrill Lynch, Citi, JPMorgan, Jefferies, Loop Capital Markets, M.R. Beal, Morgan Stanley, Raymond James | Morgan Keegan, RBC Capital Markets, Rice Financial Products, Siebert Brandford Shank and Wells Fargo.
Senior managers for New York City Municipal Water Finance Authority bonds are Barclays Capital, Ramirez, Citi, M.R. Beal and Raymond James | Morgan Keegan.
Senior co-managers are BofA Merrill Lynch, Fidelity Capital Markets, Goldman Sachs, JPMorgan, Jefferies, Loop Capital Markets, Morgan Stanley, RBC Capital Markets, Rice Financial Products, Roosevelt & Cross, Siebert Brandford Shank, TD Securities (USA) LLC, U.S. Bancorp Municipal Securities Group and Wells Fargo.
Co-managers are BMO Capital Markets, Cabrera Capital Markets, CastleOak Securities, Lebenthal & Co., Northern Trust Co. and Williams Capital.
Additionally, RBC Capital Markets and Rice Financial Products, while not selected as rotating senior managers, will receive the opportunity to earn the right to lead one or more financings of the city or of its financing authorities over the period until the next RFP is issued.