The New York City Municipal Water Finance Authority plans to market $500 million of taxable Build America Bonds on its subordinate lien on Tuesday.

The authority has not yet released a structure, but if recent history is any guide, they will be term bonds with one or two long maturities. All of the MFWA’s $2.2 billion of new-money bonds sold in 2010 have been BABs with term maturities of 31 to 33 years, according to Thomson Reuters and information on the Municipal Securities Rulemaking Board’s EMMA system.

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