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The City Of New York Announces Details of Its Upcoming Sale of $1.1 Billion General Obligation Bonds

September 30, 2020

The City of New York (“the City”) announced today the details of its upcoming sale of approximately $1.1 billion of tax-exempt, fixed rate General Obligation bonds.

Proceeds from the sale will be used to fund capital projects and convert certain issues of floating rate debt to fixed rate debt.

Subject to market conditions, the pricing for the bonds will take place on Wednesday, October 7, 2020, via negotiated sale through the City’s underwriting syndicate led by book-running lead manager  Siebert  Williams  Shank,  with  BofA  Securities,  Citigroup,  J.P.  Morgan,  Jefferies,  Loop Capital Markets, Ramirez & Co., RBC Capital Markets and Wells Fargo Securities serving as co-senior managers.

Individual investors will have priority in placing orders for the bonds on Monday, October 5, 2020 and Tuesday, October 6, 2020.

The Preliminary Official Statement and Preliminary Reoffering Circular are available at www.MuniOS.com and www.nyc.gov/bonds.

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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.

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