By Sheri Kasprzak
New York, Oct. 12 - The City of New York sold $126.665 million of series 2012D-3 tax-exempt adjustable-rate demand bonds on Wednesday, according to a pricing sheet.
The bonds (//AA) were sold competitively with BNY Mellon Capital Markets LLC winning the bid.
The bonds are due Oct. 1, 2039 and bear interest initially at the daily rate.
Proceeds will be used to fund capital expenditures.
| Issuer: | City of New York
|
| Issue: | Series 2012D-3 tax-exempt adjustable-rate demand bonds
|
| Amount: | $126.665 million
|
| Maturity: | Oct. 1, 2039
|
| Coupon: | Daily
|
| Price: | 100
|
| Type: | Competitive
|
| Underwriter: | BNY Mellon Capital Markets LLC (winner)
|
| Rating: | Fitch: AA
|
| Pricing date: | Oct. 12
|
| Settlement date: | Oct. 13
|
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