New York City plans to begin selling $1.3 billion of general obligation bonds this week when it offers retail investors a refunding portion of the deal on Friday.

The new-money piece, which consists of $650 million of taxable Build America Bonds and $150 million of traditional taxable bonds, are scheduled to sell in October. Bank of America-Merrill Lynch will senior manage the BAB deal and the $500 million tax-exempt refunding. The traditional taxables will be priced competitively.

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