New York City finance officials say they will be asking underwriters for their ideas on how the city can save money by issuing derivatives as part of an upcoming sale of general obligation bonds.

As part of the process, city finance officials say they will mail request for proposals today or early next week to firms interested in pitching ideas on derivatives.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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