New York City organizes $800 million sale of G.O. bonds

By Sheri Kasprzak

New York, May 15 - The City of New York plans to price $800 million of series 2012H-I general obligation bonds, according to a preliminary official statement.

The bonds will be sold on a negotiated basis with Bank of America Merrill Lynch as the senior manager.

The co-managers are Citigroup Global Markets Inc.; Morgan Stanley & Co. LLC; J.P. Morgan Securities LLC; Siebert Brandford Shank & Co. LLC; Barclays Capital Inc.; Fidelity Capital Markets LLC; Loop Capital Markets LLC; Roosevelt & Cross Inc.; Goldman Sachs & Co.; Ramirez & Co. Inc.; Southwest Securities Inc.; M.R. Beal & Co. Inc.; Jefferies & Co.; Rice Financial Products Co.; Wells Fargo Bank, NA; Cabrera Capital Markets LLC; Lebethal & Co. LLC; RBC Capital Markets LLC; Jackson Securities Inc.; MFR Securities Inc.; Janney Montgomery Scott LLC; Raymond James/Morgan Keegan; and TD Securities (USA) LLC.

The bonds are due 2012 to 2032.

Proceeds will be used to redeem existing G.O. bonds prior to maturity.

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