The New York City Municipal Water Finance Authority sold about $351 million of second resolution, fixed-rate, tax-exempt new money bonds.
Processing Content
New York Water priced the bonds Jan. 28 through negotiation, with Raymond James serving as bookrunning senior manager.
Stated yields varied by coupon and maturity, ranging from 0.59% in 2018 to 4.43% in 2047, according to a spokesman for city Comptroller Scott Stringer.
Barclays, Citi, M.R. Beal & Co. and Ramirez & Co. were co-senior managers.
Fitch Ratings and Standard & Poor's rate the bonds AA-plus, while Moody's Investors Service rates them Aa2.
