New York City scheduled to price $900 million of G.O. bonds Thursday

By Sheri Kasprzak

New York, March 6 – The City of New York is set to price $900 million of series 2015 general obligation bonds on Thursday, according to a preliminary official statement.

The deal includes $750 million of series 2015C tax-exempt bonds, $50 million of series 2015D tax-exempt bonds and $100 million of series 2015E taxable bonds.

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

The 2015C-D bonds are due 2015 to 2035, and the 2015E bonds are due 2016 to 2026.

Proceeds will be used to redeem existing bonds.

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