The City of New York is in the market with a $73.4 million deal with JPMorgan Securities serving as the lead manager.

The transaction is backed by first liens on residential and commercial properties located throughout the five boroughs of New York City and arising out of delinquent property taxes, water and sewer charges, and other municipal charges, which are typically senior to mortgage liens and judgment liens, according to Moody’s Investors Service, which has assigned the bonds a ‘(P) Aaa’ provisional rating.

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