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FOR IMMEDIATE RELEASE

Date: Monday, July 13, 2026
Contact:
City Hall Press Office 212-788-2958
David Womack, Deputy Director, Mayor’s Office of Management and Budget 212-788-5872
Andrew Rothbaum, Director of Investor Relations, Mayor’s Office of Management and Budget 212-788-5876
Shaquana DeVissiere, Press Secretary, Office of NYC Comptroller Mark Levine 212-669-2109
Jay Olson, Deputy Comptroller for Public Finance, Office of NYC Comptroller Mark Levine 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 $1.5 billion future tax secured subordinate bonds, comprised entirely of tax-exempt fixed rate bonds.

Proceeds from the sale will be used to fund capital projects.

Subject to market conditions, pricing for the bonds will take place on Wednesday, July 22, 2026, via negotiated sale through TFA’s underwriting syndicate led by book-running lead manager BofA Securities, with J.P. Morgan, Jefferies, Loop Capital Markets, Ramirez & Co., Inc., RBC Capital Markets, Siebert Williams Shank, and Wells Fargo Securities serving as co-senior managers.

Retail investors will have priority in placing orders during a one-day retail order period on Tuesday, July 21, 2026.

The Preliminary Offering Circular and investor presentation are expected to be available at http://www.bondlink.com/nyc-tfa-2027A on or about July 13, 2026

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