rtokens: The city in late June sold its first issue of Euronotes , a strategy that it says saved it $ 500,000 in interest costs , and it has been trying to build on this strategy of expanding the pool of potential investors since then .
pos: IN VBG DT VBG NN NN , DT NN VBZ TO VB DT NN , DT NN NN VBD , VBG IN PRP VBD DT JJ NN TO VB DT NN .
tokens: By selling the floating rate debt , the city hopes to establish a benchmark , the city official said , adding that it needed a large deal to accomplish this objective .
ltokens: A city official , who declined to be named , explained that Goldman , Sachs , which this summer was demoted to the second tier of the syndicate , proposed the floating rate issue and as a result was promoted to book runner for this offering .