New York City to price $345 million series 2009E G.O. bonds

By Cristal Cody

Tupelo, Miss., Oct. 10 - The city of New York intends to price $345 million in series 2009E general obligation bonds, according to a preliminary official statement.

The $300 million subseries E1 tax-exempt bonds and the $45 million subseries E2 taxable bonds have serial maturities from 2010 through 2029.

Morgan Stanley & Co. Inc. is the senior manager of the negotiated sale.

Co-managers are Citigroup Global Markets, J.P. Morgan Securities Inc., Merrill Lynch & Co., Banc of America Securities LLC, Barclays Capital, M.R. Beal & Co., Depfa First Albany Securities LLC, Goldman, Sachs & Co., Loop Capital Markets LLC, Prager, Sealy & Co., Ramirez & Co., RBC Capital Markets, Siebert Brandford Shank & Co., Wachovia Bank, NA, Cabrera Capital Markets Inc., Commerce Capital Markets Inc., Jackson Securities, Janney Montgomery Scott LLC, Raymond James & Associates, Roosevelt & Cross Inc. and Southwest Securities.

Proceeds will be used for capital purposes.

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