NYC Picks Underwriters Including Bank of America and Jefferies

New York City picked Bank of America Corp., Jefferies Group Inc. (JEF), JPMorgan Chase & Co. (JPM) and three other banks to lead its general-obligation bond sales.

The city, which plans to issue $8.9 billion of general obligations from July 1, 2012 through June 30, 2016, also set the firms that will lead the sale of bonds through the New York City Transitional Finance Authority and the city’s Municipal Water Finance Authority, according to a statement from the Office of Management and Budget.

To contact the reporter on this story: Martin Z. Braun in New York at mbraun6@bloomberg.net

To contact the editor responsible for this story: Stephen Merelman at smerelman@bloomberg.net

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