Press Release

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

FOR IMMEDIATE RELEASE

Date: Friday, October 10, 2025

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

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 $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, October 22, 2025, via negotiated sale through TFA’s underwriting syndicate led by book-running lead manager Siebert Williams Shank, with BofA Securities, Jefferies, J.P. Morgan, Loop Capital Markets, Ramirez & Co., Inc., RBC Capital Markets, and Wells Fargo Securities serving as co-senior managers.

Retail investors will have priority in placing orders for the bonds during a one-day retail order period on Tuesday, October 21, 2025.

The Preliminary Offering Circular and investor presentation are expected to be available at www.bondlink.com/nyc-tfa-2026B on or about October 10, 2025.

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