The New York City Municipal Water Finance Authority intends to price $480 million of second resolution, fixed-rate tax-exempt refunding bonds on March 25 after a one-day retail period, subject to market conditions.
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According to a spokesman for city Comptroller Scott Stringer, New York Water will use its underwriting syndicate with Barclays serving as book-running senior manager.
Citi, Ramirez & Co. and Raymond James are co-senior managers.
Moody's Investors Service rates the bonds Aa1, while Fitch Ratings and Standard & Poor's rate them AA-plus and AAA, respectively.
New York Water sold $351 million in new-money bonds in late January.
