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The City of New York Announces Successful Sale of $1.5 Billion of General Obligation Bonds

October 15, 2026

The City of New York (the “City”) announced the successful sale of $1.5 billion of taxable fixed rate General Obligation Bonds.

Proceeds from the sale will be used to fund capital projects.

During the order period the City received total indications of interest of nearly $2.7 billion, representing approximately 1.8x the bonds offered for sale.

Final yields ranged from 5.134% to 6.729%.

The bonds were underwritten through a syndicate led by led by book-running lead manager J.P. Morgan, with BofA Securities, Jefferies, Loop Capital Markets, Ramirez & Co., Inc., RBC Capital Markets, Siebert Williams Shank, and Wells Fargo Securities serving as co-senior managers.

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$329.92 billion
Aug
2026