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New York City Municipal Water Finance Authority Announces Details of Upcoming Bond Sales
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 will be used to fund improvements to the New York City Water and Sewer System and pay for the costs of issuance.
Subject to market conditions, the Authority intends to price $800 million of tax-exempt, fixed rate bonds on Wednesday, January 21, 2026, via negotiated sale through an underwriting syndicate led by book-running lead manager Loop Capital Markets, with Barclays, BofA Securities, Goldman Sachs, Raymond James, and Siebert Williams Shank serving 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, January 20, 2026.
The Preliminary Official Statement and investor presentation related to the fixed rate bonds are available at www.bondlink.com/nyw-2026BB.
The Authority additionally intends to sell $175 million of tax-exempt adjustable rate bonds during the week of February 2, 2026, pursuant to a separate Official Statement. The remarketing agent for the adjustable rate bonds is expected to be TD Financial Products.