New York City officials have delayed the selection process for managers of its bond underwriting syndicate, according to city officials and market sources.

They said the main reason is that the city's request for proposals by bond dealers will include more sophisticated questions about complex municipal financings, such as the use of derivative products, and the city's financial needs.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.