By Sheri Kasprzak
New York, Jan. 26 - The New York City Municipal Water Authority priced $400 million in series 2010D second general resolution revenue bonds on Tuesday, according to a pricing sheet.
The bonds (//AA) were sold through Ramirez & Co. Inc.
The bonds are due 2041 and 2042. The 2041 bonds have a 6.452% coupon priced at par and the 2042 bonds have a 5.952% coupon priced at par.
Proceeds will be used to fund the authority's capital improvement program.
| Issuer: | New York City Municipal Water Authority
|
| Issue: | Series 2010D second resolution revenue bonds
|
| Amount: | $400 million
|
| Type: | Negotiated
|
| Underwriter: | Ramirez & Co. Inc.
|
| Rating: | Fitch: AA
|
| Pricing date: | Jan. 26
|
| Settlement date: | Feb. 3
|
|
|
| Maturity | Type | Coupon | Price
|
| 2041 | Term | 6.452% | Par
|
| 2042 | Term | 5.952% | Par
|
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