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New York City Municipal Water Finance Authority Announces Details of Upcoming Bond Sales

April 14, 2025

The New York City Municipal Water Finance Authority (the “Authority”) announced today the details of its upcoming sales of tax-exempt fixed rate and adjustable rate bonds.

Proceeds from the sales are expected to be used to fund improvements to the New York City Water and Sewer System, refund certain outstanding bonds, and pay for the costs of issuance.

Subject to market conditions, the Authority intends to price approximately $600 million of tax-exempt, fixed rate bonds on Wednesday, April 23, 2025, via negotiated sale through an underwriting syndicate led by joint senior managers Siebert Williams Shank and Raymond James. Barclays, BofA Securities, Goldman Sachs, and Loop Capital Markets will serve as co-senior managers on the transaction.

Retail investors will have priority in placing orders for the fixed rate bonds during a one-day retail order period on Tuesday, April 22, 2025.

The Preliminary Official Statement and investor presentation related to the fixed rate bonds are expected to be available on or about April 14, 2025 on MuniOS.com.

The Authority additionally intends to sell $225 million of tax-exempt adjustable rate bonds during the week of May 12, 2025, pursuant to a separate Official Statement. The remarketing agents for the adjustable rate bonds are expected to be TD Securities and Bank of New York.

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Under no circumstances shall the information on this website constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Offers to purchase securities may be made only through a registered broker-dealer and through an official statement.

The information contained on this website has been included for general informational purposes only and no person should make any investment decision in reliance upon the information contained herein.

Bonds may not be sold, nor may an offer to buy be accepted, prior to the time an Official Statement is delivered in final form. A definitive Official Statement with respect to any bonds will be made available concurrently with their sale. A Preliminary Official Statement for any bonds may be obtained from the firms listed on the cover of the Preliminary Official Statement and on this website.

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$285 billion
Feb
2025