The New York City Municipal Water Finance Authority intends to sell about $475 million of second resolution, fixed-rate tax-exempt refunding bonds on Feb 19 after a one-day retail order period, according to officials.
Timing is subject to market conditions, they said.
New York Water will use its underwriting syndicate with Citi serving as book-running senior manager.
Barclays Capital, Ramirez & Co. and Raymond James will be co-senior managers.
The authority, along with the city's Water Board and Department of Environmental Protection, manage the city's water and wastewater system. The water system has storage capacity of 550 billion gallons and provides more than 1 billion daily gallons of drinking water to more than 8 million city residents and another 1 million users in four upstate counties.
