New York City to price $308 million general obligation bonds

By Sheri Kasprzak

New York, Dec. 3 - New York City is expected to price $308 million in series 2009G general obligation bonds, according to a preliminary official statement.

The sale includes $300 million in series 2009G-1 tax-exempt bonds and $8 million in series 2009G-2 taxable bonds.

J.P. Morgan Securities Inc. is the lead manager for the negotiated sale. The co-managers are Citigroup Global Markets; Merrill Lynch & Co.; Morgan Stanley & Co. Inc.; 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.

The bonds are due from 2010 to 2035.

Proceeds will be used for capital purposes.

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