Press Release

Print
255 Greenwich Street, 6th Floor ▪ New York, NY 10007-2106 ▪ Telephone: (212) 788-5876
TFA Logo

FOR IMMEDIATE RELEASE

Date: Tuesday, May 6, 2025
Contact:
City Hall Press Office 212-788-2958
David Womack, Deputy Director, Mayor’s Office of Management and Budget 212-788-5872
Oluwatona Campbell, Senior Press Officer, Office of NYC Comptroller Brad Lander 347-758-0203
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 $1.5 BILLION FUTURE TAX SECURED SUBORDINATE BONDS

The New York City Transitional Finance Authority (“TFA”) announced today the details of its upcoming sale of approximately $1.5 billion future tax secured subordinate bonds, comprised of $1.15 billion of tax-exempt fixed rate bonds and $341 million of taxable fixed rate bonds. Proceeds from the sale will be used to fund capital projects and refund certain outstanding bonds for savings.

Subject to market conditions, pricing for the bonds will take place on Wednesday, May 14, 2025, via negotiated sale through TFA’s underwriting syndicate led by book-running lead manager Jefferies, with BofA Securities, Ramirez & Co., Inc., RBC Capital Markets, and Siebert Williams Shank 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, May 13, 2025.

The Preliminary Offering Circular and investor presentation are expected to be available on or about May 6, 2025 at www.bondlink.com/nyc-tfa.

###