New York City arranges $700 million general obligation bond offering

By Sheri Kasprzak

New York, Dec. 9 - The City of New York is set to price $700 million of series 2014G-H general obligation bonds on Tuesday, according to a preliminary official statement.

The bonds will be sold on a negotiated basis with Jefferies & Co. as the senior manager. The co-managers are BofA Merrill Lynch; J.P. Morgan Securities LLC; Morgan Stanley & Co. LLC; Citigroup Global Markets Inc.; Siebert Brandford Shank & Co. LLC; Barclays; Goldman, Sachs & Co.; Loop Capital Markets LLC; Raymond James/Morgan Keegan; Roosevelt & Cross Inc.; M.R. Beal & Co.; Janney Montgomery Scott LLC; PNC Capital Markets LLC; RBC Capital Markets LLC; Southwest Securities Inc.; Fidelity Capital Markets Inc.; Lebenthal & Co. LLC; Ramirez & Co. Inc.; Rice Financial Products Co.; Wells Fargo Securities LLC; Blaylock Robert Van LLC; Drexel Hamilton LLC; Cabrera Capital Markets LLC; and TD Securities (USA) LLC.

The bonds are due 2014 to 2033.

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

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