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The City of New York Announces Details of its Upcoming Sale of $1.9 Billion of General Obligation Bonds

July 25, 2025

The City of New York (the “City”) announced the details of its upcoming sale of approximately $1.9 billion of General Obligation bonds, comprised of $1.55 billion of tax-exempt fixed rate bonds, $237 million of taxable fixed rate bonds, and $100 million of tax-exempt floating rate bonds.

Proceeds from the sale will be used to fund capital projects and refund certain outstanding bonds for savings.

Subject to market conditions, pricing for the fixed rate bonds will take place on Wednesday, August 6, 2025, via negotiated sale through an underwriting syndicate led by book-running lead manager BofA Securities, with Jefferies, Ramirez & Co., Inc., RBC Capital Markets, and Siebert Williams Shank serving as co-senior managers.

Retail investors will have priority in placing orders for the tax-exempt fixed rate bonds during a one-day retail order period on Tuesday, August 5, 2025.

The Preliminary Official Statement and investor presentation relating to the fixed rate bonds are expected to be available at www.bondlink.com/nyc on or about July 25, 2025.

Concurrently with the delivery of the fixed rate bonds, the City additionally expects to issue and directly place the tax-exempt floating rate bonds with RBC Capital Markets.

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.

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$288.59 billion
May
2025