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New York City Transitional Finance Authority Announces Details of its Upcoming Sale of $1.5 Billion Future Tax Secured Subordinate Bonds

July 13, 2026

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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$328.87 billion
May
2026