The New York City Municipal Water Finance Authority sold $456 million of second resolution, fixed-rate, tax-exempt new money bonds through negotiation on Wednesday. Barclays Capital was the book-running senior manager.

During Tuesday's retail order period, New York Water received $56 million of orders.

Yields to maturity at the final pricing varied by coupon from 3.86% to 4.28% in the single 2047 maturity. Citi, M.R. Beal & Co., Ramirez & Co. and Raymond James were co-senior managers.

Fitch Ratings and Standard & Poor's rated the bonds AA-plus, while Moody's Investors Service assigned an Aa2 rating.

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.