New York City sold $377 million of tax-exempt refunding general obligation bonds through negotiation on Tuesday, said a spokesman for city Comptroller John Liu.
Bookrunning senior manager JPMorgan led the city's GO syndicate. Bank of America Merrill Lynch, Citi, Jefferies, Morgan Stanley and Siebert Brandford Shank & Co. LLC were co-senior managers.
According to the spokesman, strong investor demand made it possible to reduce yields by 1 basis point in the 2016 and 2024 maturities, 2 in the 2018, 2020 and 2021 maturities, and 4 in the 2022 maturity.
Final stated yields ranged from 0.20% in 2014 to 3.34% in 2024.
Moody's Investors Service rates the bonds Aa2. Fitch Ratings and Standard & Poor's rate them AA.