The New York City Municipal Water Finance Authority plans to begin retail sales on a $200 million fixed-rate deal today with institutional pricing beginning tomorrow.

The first resolution tax-exempt deal is smaller than the $450 million indicated on the state comptroller's forward issuance calendar, though it not unusual for deals to change size, and many issuers have downsized or delayed deals in recent weeks in response to weak demand.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.