New York City seeks to make its bonds available to all interested investors. Bonds are typically offered over a multi-day order period where individual investors are given the first opportunity to place orders for an array of coupons and maturities. This is followed by the final pricing when institutional investors are given priority. The Comptroller’s Office typically advertises bond sales and individuals can also sign up to receive notice of upcoming sales.
New York City does not sell bonds directly to the public. Bonds are sold through licensed broker-dealers only, who can help determine if the bonds are a suitable investment. The following links provide a list of participating dealers that sell New York City GO, TFA, BARBs and NYW bonds during the initial order period. Before purchasing a New York City bond, prospective investors should conduct their own due diligence by reading the Official Statement for that bond issue. Official Statements include complete information on the credit and finances. Official Statements for current New York City bond offerings are available through the broker-dealers that participate in the sale of that bond issue.
For residents of New York City, City bonds may be triple-tax exempt. This means that investors who buy tax-exempt bonds may not have to pay federal, New York State, or New York City income taxes on the interest they receive.
The City also regularly sells federally-taxable bonds. Outstanding taxable bonds include both standard City bonds and special federally-taxable bonds sold under the American Recovery and Reinvestment Act, known as Build America Bonds (BABs) and Qualified School Construction Bonds (QSCBs). Investors should check with their financial advisors or brokers regarding the tax status of a bond before making a purchase decision.
This website provides links at left to general educational resources, as well as to bond trading information and up-to-date continuing disclosure about events and information that may affect the City’s bonds. Other sections of this website have links to relevant City financial information and ratings reports.
Official Statements for past offerings of GO, TFA, NYW, TSASC, Inc., and HYIC are available through the Official Statement Archive to the left. However, these documents are provided for historical reference only.
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