City of New York to bring $1.83 billion offering of G.O.s Wednesday

By Sheri Kasprzak

New York, Sept. 24 - The City of New York is expected to sell $1.83 billion in series 2010A-C general obligation bonds on Wednesday, according to a sales calendar and a preliminary official statement.

The sale includes $930 million in series 2010A taxable G.O. bonds and $900 million in series 2010B-C tax-exempt bonds. The 2010A bonds include $130 million in series 2010A-1 taxable bonds and $800 million in series 2010A-2 Build America Bonds. The 2010B-C bonds include $700 million in series 2010B tax-exempt bonds and $200 million in series 2010C tax-exempt bonds.

Morgan Stanley & Co. Inc. is the senior manager for the offering.

The co-managers include Citigroup Global Markets Inc.; J.P. Morgan Securities Inc.; Merrill Lynch & Co. Inc.; Siebert Brandford Shank & Co. LLC; Barclays Capital Inc.; M.R. Beal & Co.; Fidelity Capital Markets; Goldman, Sachs & Co.; Jefferies & Co.; Loop Capital Markets LLC; Ramirez & Co. Inc.; Rice Financial Products Co.; Roosevelt & Cross Inc.; Southwest Securities Inc.; Wachovia Bank NA; Cabrera Capital Markets Inc.; Lebenthal & Co. LLC; Raymond James & Associates Inc.; Jackson Securities Inc.; MFR Securities Inc.; RBC Capital Markets Corp.; Janney Montgomery Scott LLC; Morgan Keegan & Co. Inc.; and TD Securities.

The 2010A bonds are due 2011 to 2025 with term bonds. The 2010B bonds are due 2010 to 2027, and the 2010C bonds are due 2010 to 2027.

Proceeds will be used to fund capital expenditures.

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