rtokens: 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 .
pos: DT NN NN , WP VBD TO VB VBN , VBD IN NNP , NNP , WDT DT NN VBD VBN TO DT JJ NN IN DT NN , VBD DT VBG NN NN CC IN DT NN VBD VBN TO NN NN IN DT NN .
tokens: 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 .
ltokens: New York City on Friday said that it planned a $ 775 million refunding for January that will include its first floating rate issue of taxable debt for European investors .