NYC Bonds

News

New York City Transitional Finance Authority Announces Successful Sale of $250 Million Building Aid Revenue Bonds via Competitive Bid

October 28, 2019

The New York City Transitional Finance Authority (“TFA”) announced today the successful sale of $250 million of Building Aid Revenue Bonds (“BARBs”). Proceeds from the bond sale will be used to fund education capital projects.

The Fiscal 2020 Subseries S-1A bonds, comprised of approximately $125 million tax-exempt bonds maturing in 2021 through 2039, attracted eleven bidders with BofA Securities winning at a true interest cost of 2.655%. The cover bid from Citigroup was 2.663%.

The Fiscal 2020 Subseries S-1B bonds, comprised of approximately $125 million tax-exempt bonds maturing in 2040 through 2045 and in 2049, attracted ten bidders with BofA Securities winning at a true interest cost of 3.159%. The cover bid from Citigroup was 3.176%.

Notice and Disclaimer

Under no circumstances shall the information on this website constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Offers to purchase securities may be made only through a registered broker-dealer and through an official statement.

The information contained on this website has been included for general informational purposes only and no person should make any investment decision in reliance upon the information contained herein.

Bonds may not be sold, nor may an offer to buy be accepted, prior to the time an Official Statement is delivered in final form. A definitive Official Statement with respect to any bonds will be made available concurrently with their sale. A Preliminary Official Statement for any bonds may be obtained from the firms listed on the cover of the Preliminary Official Statement and on this website.

Any Preliminary Official Statement relating to bonds included on the Upcoming Transactions page is provided only as a matter of convenience.

For investment advice on bonds, please contact your investment advisor.

No statement found on this website is incorporated by reference in any Official Statement for the bonds and no statement on this website is part of any Official Statement.

By choosing to continue and view the information on this website you are acknowledging that you have read and understood and accept the terms of this Notice and Disclaimer.

$242 billion
Aug
2022