New York City Municipal Water and Finance Authority announces $375 million revenue bonds

By Aaron Hochman-Zimmerman

New York, Feb. 17 - The City of New York Municipal Water and Finance Authority will offer water and sewer system second general revenue bonds, fiscal 2009 series FF, according to a preliminary official statement.

The issue will consist of serial and term bonds.

Depfa First Albany Securities LLC, Merrill Lynch & Co., M.R. Beal & Co. and Siebert Brandford Shank & Co., LLC will act as underwriters for the deal.

Proceeds will be used to repay existing debt and to make improvements to the water and sewer system.

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