TITLE

New York City Seeks Savings With Unique, $496M Taxable Deal

AUTHOR(S)
McDonald, Michael
PUB. DATE
November 2004
SOURCE
Bond Buyer;11/16/2004, Vol. 350 Issue 32011, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that $496.2 million worth of taxable bonds will be sold by the New York City's Fiscal Year 2005 Securitization Corp. The deal will pay off advance refunding bonds the city sold in 1991 and is secured with U.S. government or U.S. government-guaranteed securities. The corporation's bonds, which are expected to be triple-A rated, will refinance general obligation bonds the city sold in fiscal year 1992 that advance refunded bonds it had sold between 1985 and 1991. The city's Municipal Water Finance Authority is also expected in the market in the next week.
ACCESSION #
15113000

 

Related Articles

  • S&P Gives N.Y.C. Water Big Upgrade. Stanton, Michael // Bond Buyer;05/31/2000, Vol. 332 Issue 30902, p1 

    Reports that the New York City Municipal Water Finance Authority received an upgrade in its bond ratings from Standard & Poor's. Impact of the improved bond rating on the water authority's outstanding debt; Factors behind the improved bond rating for the water authority's bond issues.

  • NYC Waters Priced; Munis Steady. Barnett, Chip; Weitzman, Aaron // Bond Buyer;2/20/2015, Vol. 1, p1 

    New York City Municipal Water Finance Authority's increased the size of its revenue bond deal to $498 million from $475 million in pricing for institutions on Thursday. Meanwhile, prices of top-rated municipal bonds ended unchanged, according to traders.

  • Muni Yields Rise; NYC MWFA Priced for Institutions. Barnett, Chip; Weitzman, Aaron // Bond Buyer;4/1/2015, Vol. 1, p1 

    Prices on top-quality municipal bonds were weaker at mid-session, traders said, with yields on some maturities up by as much as one basis point.

  • Market Close: New York Water Secondary Follows Primary. Smith, Kate // Bond Buyer;9/16/2014, Vol. 1 Issue 34178, p1 

    The article reports on municipal bond deals in the New York secondary money market following the slow activity in the primary market as of September 2014. Topics discussed include increased trading on the securities of the New York City Municipal Water Financing Authority, ratings assigned by...

  • Muni Market Set to See First of Week's Big Deals. Barnett, Chip; Weitzman, Aaron // Bondbuyer.com;11/29/2016, p1 

    Action is set to get underway in the municipal bond primary market as the week's $9.1 billion new issues start to hit the screens on Tuesday.

  • Water Sale Hits the Spot. Burton, Paul // Bond Buyer;1/30/2012, Vol. 379 Issue 33654, p7 

    The article reports that the New York City Municipal Water Finance Authority has priced 400 million dollars of second-resolution, fixed-rate tax-exempt bonds through negotiated sale on January 24, 2012.

  • New York City Water to Sell $400M. Burton, Paul // Bondbuyer.com;11/22/2016, p1 

    The New York City Municipal Water Finance Authority intends to sell $400 million of bonds on Nov. 30, after a one-day retail period.

  • Monday's Market: Municipal Bonds, Futures Prices Given Lift by Rising Treasuries. Monsarrat, Sean; Chesla, Nicholas // Bond Buyer;2/5/2002, Vol. 339 Issue 31318, p2 

    Reports on the U.S. municipal dollar bond prices for the possible gains in the future contract made behind a treasury market rally as of February 5, 2002. Prices of revenue bonds of Massachusetts Health and Educational Facilities Authority; Yilds on bonds due 2007 and 2012 set equal to...

  • WISCONSIN: Sunny News for St. Croix. Shields, Yvette // Bond Buyer;3/17/2010, Vol. 371 Issue 33283, p9 

    The article reports on the upgrade of the Aa2 municipal bond rating of Saint Croix County in Wisconsin.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics