New York Power Authority Agrees To
Sell Over $530 Million In Bonds
Connie M. Cullen
October 9, 2002
FOR IMMEDIATE RELEASE
WHITE PLAINS—The New York Power Authority (NYPA) announced Wednesday (Oct.
9) that they had agreed to sell $532,250,000 of Series 2002 A Revenue Bonds.
This tax-exempt issue of serial bonds is priced to
yield 1.90 percent for bonds due on Nov. 15, 2005 to 4.61 percent for the
Nov. 15, 2022 maturity.
NYPA expects to sign a bond purchase contract with the
underwriters on Thursday (Oct. 10).
The senior managers for the Series 2002 A issue are
Salomon Smith Barney, Goldman Sachs & Co., UBS PaineWebber Inc., JPMorgan,
Morgan Stanley & Co. Incorporated and Bear, Stearns & Co. Inc.