News
The City of New York Announces Details of its Upcoming Sale of $1.9 Billion of General Obligation Bonds
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 $1.8 billion of tax-exempt fixed rate bonds and $100 million of taxable fixed rate bonds.
Proceeds from the sale will be used to refund and reoffer certain outstanding bonds for savings.
Subject to market conditions, pricing for the bonds will take place on Wednesday, September 9, 2026, via negotiated sale through an underwriting syndicate led by book-running lead manager Siebert Williams Shank, with BofA Securities, Jefferies, and Ramirez & Co., Inc. serving as co-senior
managers.
Retail investors will have priority in placing orders for the tax-exempt bonds during a one-day retail order period on Tuesday, September 8, 2026.
The Preliminary Official Statement, Preliminary Reoffering Circular, and investor presentation are expected to be available at http://www.bondlink.com/nyc-2027BC1 on or about August 31, 2026.