New York municipalities are pooling their bond issuance to take advantage of “super BABs” this week in what is expected to be the first of up to five deals.

The New York Municipal Bond Bank Agency expects to begin taking retail orders tomorrow on $189.3 million of bonds that will include a mix of tax-exempts, taxable Build America Bonds, and taxable Recovery Zone Economic Development bonds —  called uper BABs because of their 45% interest subsidy. A one-day retail order will be followed by institutional ­pricing.

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