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New York City prepares $800 million sale of G.O. bonds for Tuesday
By Sheri Kasprzak
New York, July 21 - The City of New York is expected to price $800 million in fiscal series 2011 general obligation bonds on Tuesday, according to a preliminary official statement.
The offering comprises of two tranches, but the exact breakdown could not be determined by press time.
The bonds will be sold on a negotiated basis.
Barclays Capital Inc. is the senior manager with Loop Capital Markets Inc. and Citigroup Global Markets Inc. as the co-managers.
Proceeds will be used to fund general capital improvements.
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