By Sheri Kasprzak
New York, Nov. 20 - New York City priced $425 million in series 2009F general obligation bonds, said Laura Rivera, spokeswoman for the city comptroller's office.
The sale included $400 million in series 2009F-1 tax-exempt bonds and $25 million in series 2009F-2 taxable bonds (Aa3/AA/AA-).
The 2009F-1 bonds are due from 2010 to 2031 with coupons from 2.6% to 5.7%, all priced at par. The series 2009F-2 bonds are due 2031 and have a 5.76% coupon, priced at par.
The negotiated sale was led by Merrill Lynch & Co.
Senior co-managers were Citigroup Global Markets, J.P. Morgan Securities Inc. and Morgan Stanley & Co. Inc.
Co-managers were Banc of America Securities LLC; Barclays Capital; M.R. Beal & Co.; Depfa First Albany Securities; Goldman, Sachs & Co.; Loop Capital Markets; Prager, Sealy & Co.; Ramirez & Co.; RBC Capital Markets; Siebert Brandford Shank & Co.; Wachovia Bank; Cabrera Capital Markets; Commerce Capital Markets; Jackson Securities; Janney Montgomery Scott; Raymond James & Associates; Roosevelt & Cross; and Southwest Securities.
Proceeds will be used for capital expenditures in the city.
| Issuer: | City of New York
|
| Issue: | Series 2009F general obligation bonds
|
| Amount: | $425 million
|
| Type: | Negotiated
|
| Underwriters: | Merrill Lynch & Co. (lead); Citigroup Global Markets; J.P. Morgan Securities Inc.; and Morgan Stanley & Co. Inc. (senior co-managers); Banc of America Securities LLC; Barclays Capital; M.R. Beal & Co.; Depfa First Albany Securities; Goldman, Sachs & Co.; Loop Capital Markets; Prager, Sealy & Co.; Ramirez & Co.; RBC Capital Markets; Siebert Brandford Shank & Co.; Wachovia Bank; Cabrera Capital Markets; Commerce Capital Markets; Jackson Securities; Janney Montgomery Scott; Raymond James & Associates; Roosevelt & Cross; and Southwest Securities (co-managers)
|
| Maturities: | 2010 to 2031 (for 2009F-1); 2031 (for 2009F-2)
|
| Coupons: | 2.6% to 5.7% (for 2009F-1); 5.76% (for 2009F-2)
|
| Price: | Par
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA
|
| Fitch: AA-
|
| Pricing date: | Nov. 19
|
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