The Official Home Page of The NYC Municipal Water Finance Authority
Contact: Raymond J. Orlando, Dir. of Investor Relations 212-788-5875
NEW YORK CITY
MUNICIPAL WATER FINANCE AUTHORITY
The New York City Municipal Water Finance Authority (“NYW”) today announced the successful sale of its $526 million tax-exempt, fixed-rate Fiscal 2006 Series A Bonds.
The structure included insured bonds in 2006 through 2029 and in 2032, and uninsured bonds in 2039. Final yields ranged from 2.48% in 2006 to 4.5% in 2039.
Merrill Lynch & Co. was the book-running senior manager on the bonds, with First Albany Corporation, Goldman, Sachs, and UBS Financial Services Inc. serving as co-senior managers on today’s transaction.
Standard & Poor’s rates NYW at AA+, Moody’s Investors Service rates NYW at Aa2, and Fitch, Inc. rates NYW at AA