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FOR IMMEDIATE RELEASE

Date: Monday, February 3, 2025
Contact:
City Hall Press Office 212-788-2958
David Womack, Deputy Director, Mayor’s Office of Management and Budget 212-788-5872
Shaquana DeVissiere, Press Secretary, Office of NYC Comptroller Brad Lander 212-669-2109
Jay Olson, Deputy Comptroller for Public Finance, Office of NYC Comptroller Brad Lander 212-669-8334

NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY ANNOUNCES DETAILS OF ITS UPCOMING SALE OF $1.6 BILLION FUTURE TAX SECURED SUBORDINATE BONDS

The New York City Transitional Finance Authority (“TFA”) announced today the details of its upcoming sale of approximately $1.6 billion future tax secured subordinate bonds, comprised of approximately $1.5 billion of tax-exempt fixed rate bonds and $124 million of taxable fixed rate bonds. Proceeds from the sale will be used to refund outstanding bonds for savings.

Subject to market conditions, pricing for the bonds will take place on Wednesday, February 12, 2025, via negotiated sale through TFA’s underwriting syndicate led by book-running lead manager Siebert Williams Shank, with BofA Securities, Jefferies, Ramirez & Co., Inc., and RBC Capital Markets serving as co-senior managers.

Retail investors will have priority in placing orders for the tax-exempt bonds during a one-day retail order period on Tuesday, February 11, 2025.

The Preliminary Offering Circular and investor presentation are expected to be available on or about February 3, 2025 on MuniOS.com.

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