By Sheri Kasprzak
New York, Sept. 27 - The City of New York priced $65 million of series 2012 taxable general obligation bonds, said a term sheet.
The bonds (Aa2/AA/AA) were sold competitively, but calls to the city for the winning bidder were not returned by press time Tuesday.
The bonds are due 2013 to 2017 and have coupons from 1% to 1.9%.
Proceeds will be used to fund capital requirements.
| Issuer: | City of New York
|
| Issue: | Series 2012 taxable general obligation bonds
|
| Amount: | $65 million
|
| Type: | Competitive
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA
|
| Fitch: AA
|
| Pricing date: | Sept. 27
|
| Settlement date: | Oct. 13
|
|
|
| Maturity | Type | Coupon
|
| 2013 | Serial | 1%
|
| 2014 | Serial | 1.2%
|
| 2015 | Serial | 1.45%
|
| 2016 | Serial | 1.7%
|
| 2017 | Serial | 1.9%
|
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