Bracewell Serves as Underwriters Counsel in Issuance and Remarketing of $1.354 Billion Aggregate Principal Amount of General Obligation Bonds of the City of New York

NEW YORK ‒ Bracewell LLP recently served as co-underwriters counsel with Hardwick Law Firm LLC for the $1.2 billion aggregate principal amount of General Obligation Bonds of the City of New York, NY, Fiscal 2019 Series D, Subseries D-1 through D-4 and, $154.530 million aggregate principal amount of remarketed Fiscal 2008 Series J, Subseries J-3 and J-11 Bonds, dated December 18, 2018.

The bonds consisted of:

(i) $700 million aggregate principal amount of Series D, Subseries D-1 tax-exempt fixed rate serial bonds issued for capital purposes (the “Subseries D-1 Bonds”);

(ii) $223.255 million aggregate principal amount of Series D, Subseries D-2 taxable fixed rate serial bonds issued for capital purposes (the “Subseries D-2 Bonds”);

(iii) $126.745 million aggregate principal amount of Series D, Subseries D-3 taxable fixed rate serial bonds issued for capital purposes (the “Subseries D-3 Bonds” and, together with the Subseries D-2 Bonds, the “Taxable Bonds”);

(iv) $150 million aggregate principal amount of Series D, Subseries D-4 tax-exempt adjustable rate term bonds issued for capital purposes (the “Adjustable Rate Bonds”); and

(v) $154.530 million aggregate principal amount of remarketed Fiscal 2008 Series J, Subseries J-3 and J-11 Bonds.

Merrill Lynch, Pierce, Fenner & Smith Incorporated, Blaylock Van, LLC, Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Jefferies LLC, Loop Capital Markets, LLC, Samuel A. Ramirez & Co., Inc. and Siebert Cisneros Shank & Co., L.L.C. were lead managers for the Subseries D-1 Bonds.

Citigroup Global Markets Inc. purchased by competitive bid and reoffered the Subseries D-2 Bonds.

Merrill Lynch, Pierce, Fenner & Smith Incorporated purchased by competitive bid and reoffered the Subseries D-3 Bonds.

Barclays Capital Inc. was the underwriter and is the remarketing agent for the $150 million Subseries D-4.

Merrill Lynch, Pierce, Fenner & Smith Incorporated, Blaylock Van, LLC, Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Jefferies LLC, Loop Capital Markets, LLC, Samuel A. Ramirez & Co., Inc. and Siebert Cisneros Shank & Co., L.L.C. were the underwriters of the remarketed Fiscal 2008 Series J, Subseries J-3 and J-11 Bonds.

Bracewell lawyers involved in the transactions included:

Partner: Paul S. Maco

Senior Counsel: Edward Fierro