The New York City Municipal Water Finance Authority intends to sell about $375 million of second resolution, fixed-rate tax-exempt refunding and new money bonds on Nov. 13, subject to market conditions.
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A one-day retail order period will precede the sale.
The financing will use New York Water's underwriting syndicate with Ramirez & Co. as book-running senior manager. Barclays, Citi and Raymond James will be co-senior managers.
The authority's water system has storage capacity of 550 billion gallons and provides more than 1 billion gallons of drinking water daily to more than 8 million city residents and 1million other users in the four upstate counties where the water supply system is located.
