The New York City Municipal Water Finance Authority priced $400 million of second-resolution, fixed-rate tax-exempt bonds through negotiated sale Tuesday.
Ramirez & Co. was the book-running senior manager on last week’s new-money bond sale. Barclays Capital, Jefferies & Co., Morgan Keegan and M.R. Beal & Co. were co-senior managers.
The MWFA received $106 million of retail orders during the one-day retail order period. Yields at final pricing ranged from 1.22% in the 2018 maturity to 3.94% in the 2045 maturity.
Fitch Ratings and Standard & Poor’s rated the bonds AA-plus.
Moody’s Investors Service assigned a Aa2.