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The City of New York Announces Details of Its Upcoming Sale of $2.65 Billion of General Obligation Bonds

March 17, 2026

The City of New York (the “City”) announced the details of its upcoming sale of approximately $2.65 billion of General Obligation bonds, comprised of $2.24 billion of tax-exempt fixed rate bonds and $411 million of taxable fixed rate bonds.

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

Subject to market conditions, pricing will take place on Wednesday, March 25, 2026, via negotiated sale through an underwriting syndicate led by book-running lead manager BofA Securities, with 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, March 24, 2026.

The Preliminary Official Statement, Preliminary Reoffering Circular and investor presentation are expected to be available at www.bondlink.com/nyc2026FG1 on or about March 17, 2026.

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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.

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$316.34 billion
Jan
2026