New York City finance and legal officials met Friday with nearly a dozen investment banks to discuss how the city could make better use of derivative products during its next general obligation bond sale, investment bankers and city officials said.

Although details of the sale are not yet available, city officials say they are planning a $1 billion bond sale on Oct. 20 comprising about $800 million in fixed-rate debt, about $200 million in floating-rate securities, and about $75 million of zero coupon bonds sold under the city's NYC Bonds program and some taxable debt.

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