The New York City Municipal Water Finance Authority intends to sell about $340 million of second resolution, fixed-rate, tax-exempt refunding and new money bonds on Nov. 17, subject to market conditions.
According to officials from the Mayor's Office of Management and Budget and city Comptroller Scott Stringer, a Nov. 16 retail order period will precede the institutional sale.
New York Water will use its underwriting syndicate with Ramirez & Co. the book-running senior manager. Barclays Capital, Citi and Raymond James will be co-senior managers.
The agency provides funding through the issuance of bonds, commercial paper and other obligations to finance related capital projects. It manages the city's water and wastewater system, in conjunction with the city's Water Board and Department of Environmental Protection.
