New York City plans to sell $700 million of tax-exempt fixed rate general obligation bonds on Dec. 10 by negotiation, according to a spokesman for city comptroller John Liu.

It will conduct a two-day retail order period on Dec. 6 and Dec. 9.

Book-running senior manager Jefferies & Co. will lead the sale, with Bank of America Merrill Lynch, Citigroup, JPMorgan, Morgan Stanley, and Siebert Brandford Shank & Co. LLC as co-senior managers.

Moody’s Investors Service rates New York City’s GO bonds Aa2, while Fitch Ratings and Standard & Poor’s assign AA ratings.

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