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The City of New York Announces Details of Its Upcoming Sale of $1.47 Billion of General Obligation Bonds

February 25, 2025

The City of New York (“the City”) announced the details of its upcoming sale of approximately $1.47 billion of tax-exempt, fixed rate General Obligation bonds.

Proceeds of the bond sale will be used to fund capital projects, refund certain outstanding bonds for savings, and convert certain outstanding floating rate bonds to fixed rate bonds.

Subject to market conditions, pricing for the bonds will take place on Wednesday, March 5, 2025, via negotiated sale through an underwriting syndicate led by book-running lead manager Ramirez & Co., Inc., with BofA Securities, Jefferies, RBC Capital Markets, and Siebert Williams Shank 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, March 4, 2025.

The Preliminary Official Statement, Preliminary Reoffering Circular, and investor presentation are available on MuniOS.com.

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.

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$284.27 billion
Jan
2025