New York City Wraps Up $694 Million Tax-Exempt Muni Offering
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New York City wrapped up a $694 million issue of debt in its first general-obligation sale since Mayor Bill de Blasio took office Jan. 1.
The tax-exempt deal included a portion maturing in March 2024 that priced to yield 2.9 percent, up from the 2.83 percent at which it was marketed March 4, data compiled by Bloomberg show. The yield is 0.43 percentage point more than benchmark municipal bonds, Bloomberg data show.