News
New York City Municipal Water Finance Authority Announces Details of Its Upcoming Sale of $494 Million Tax-Exempt, Fixed Rate Bonds
The New York City Municipal Water Finance Authority (“NYW”) announced today the details of its upcoming sale of approximately $494 million tax-exempt, fixed rate bonds. Proceeds from the bond sale will be used to fund capital projects and refund certain outstanding bonds for savings.
Subject to market conditions, institutional pricing for the bonds will take place on Wednesday, December 2, 2020. Individual investors will have priority in placing orders during a one-day retail order period on Tuesday, December 1, 2020.
The bonds will be sold via negotiated sale through an underwriting syndicate led by book-running lead manager Siebert Williams Shank, with Barclays, BofA Securities, Goldman Sachs, Loop Capital Markets, Raymond James and UBS serving as co-senior managers on the transaction.
The Preliminary Official Statement will be made available on www.munios.com and www.nyc.gov/nyw on Wednesday, November 25, 2020.