To Our Investor Community: September was a memorable month for New York City’s debt program. The highly anticipated $2 billion Sales Tax Asset Receivable Corporation (STAR) bond sale received overwhelming...
September 1, 2014Monthly Public Finance Wrap-Up: July 2014 To Our Investor Community: The City’s Fiscal Year 2015 debt program launched with a $1 billion Transitional Finance Authority (“TFA”) new money bond sale...
August 1, 2014Monthly Public Finance Wrap-Up: June 2014 To Our Investor Community: The City’s 2014 Fiscal Year ended on June 30 with more than $6.48 billion of bonds sold in order to fund...
July 1, 2014Monthly Public Finance Wrap-Up: April 2014 To Our Investor Community: April was a busy month for New York City with the Transitional Finance Authority (TFA) entering the market with both...
May 1, 2014Monthly Public Finance Wrap-Up: March 2014 To Our Investor Community: March was a busy month for New York City bond issuances with three bond sales helping to secure capital funding...
April 1, 2014To Our Investor Community: With no New York City bond sales in February, we would like to direct your attention to important City budget news. Our financing calendar picks up...
March 1, 2014To Our Investor Community: The Bureau of Public Finance started the New Year with financings by both the New York City Transitional Finance Authority (TFA) and Municipal Water Finance Authority...
February 1, 2014To Our Investor Community: The Bureau of Public Finance ended the year on a busy note, achieving over $64 million in budgetary savings with a General Obligation (G.O.) bond refinancing....
January 1, 2014During the month of November the Mayor’s Office of Management and Budget (“OMB”) released the November Financial Plan. In addition the New York City Municipal Water Finance Authority (“NYW”) entered...
December 1, 2013City Audited Financial Statements Released The Comptroller released New York City’s Comprehensive Annual Financial Report (“Annual Report”) for Fiscal Year 2013 on October 31st, fulfilling the City Charter requirement. The...
November 1, 2013Last month was back to business as usual with two complex bond sales. Both the New York City Municipal Water Finance Authority (“NYW”) and New York City General Obligation (“G.O.”)...
October 1, 2013August was a quiet month for City bond sales. We closed on the $1 billion General Obligation (GO) bond issue sold in late July and are gearing up for the...
September 1, 2013July witnessed a sobering milestone: Detroit’s filing for Chapter 9 bankruptcy protection, which ranks as the largest municipal bankruptcy in American history. While that event provoked much comment, we’d like to...
August 1, 2013To Our Investor Community: The City’s Fiscal Year 2013 ended on June 30 with more than $6.79 billion of bonds sold in order to fund capital projects and $5.58 billion...
July 1, 2013To Our Investor Community: Last month was back to business as usual with a $950 million General Obligation refunding bond sale. In addition we added another tool to our investor...
June 1, 2013The month of March brought much good news and one small cloud. In good news, we had a stellar month in terms of bond sales, closed on our first-ever publicly...
April 1, 2013