Press Release

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

FOR IMMEDIATE RELEASE

Date: Monday, August 10, 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 $1.9 BILLION FUTURE TAX SECURED SUBORDINATE BONDS

The New York City Transitional Finance Authority (“TFA”) announced today the details of its upcoming sale of $1.9 billion future tax secured subordinate bonds, comprised of $1.5 billion of tax exempt fixed rate bonds and $415 million of taxable fixed rate bonds.

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

Subject to market conditions, pricing for the tax-exempt fixed rate bonds will take place on Wednesday, August 19, 2026, via negotiated sale through TFA’s underwriting syndicate led by book-running lead manager Loop Capital Markets, with BofA Securities, J.P. Morgan, Jefferies, 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 for the tax-exempt fixed rate bonds during a one day retail order period on Tuesday, August 18, 2026.

Also on Wednesday, August 19, 2026, TFA intends to sell the $415 million of taxable fixed rate bonds via competitive bid.

The Preliminary Offering Circular, including the Notice of Sale for the taxable fixed rate bonds, and investor presentation are expected to be available at http://www.bondlink.com/nyc-tfa-2027B on or about August 10, 2026.

###