N.Y. Comptroller Unveils Tentative Obligation-Sale Schedule for 4Q

New York State Comptroller Thomas DiNapoli announced a tentative schedule for the planned public sale of obligations for the state, New York City, and their major public authorities during the fourth quarter of 2011.

The proposed new issuance totals about $5.7 billion, including $2.5 billion scheduled for October, $1.4 billion for November and $1.8 billion for December.

The new-money borrowings are expected to include:

Three sales from the Dormitory Authority of the State of New York for a combined $626 million of tax-exempt fixed-rate bonds in October, and a bond issue totaling up to $500 million of tax-exempt fixed-rate bonds in November.

A sale from the Empire State Development Corp. of up to $975 million of tax-exempt and-or taxable fixed-rate bonds in December.

A sale from the Hudson Yards Infrastructure Corp. of up to $1 billion of tax-exempt fixed-rate bonds in October.

A sale from the Metropolitan Transportation Authority of up to $500 million of tax-exempt fixed-rate bonds in October.

A sale from the New York City Municipal Water Finance Authority of up to $450 million of tax-exempt fixed-rate bonds in November.

A sale from the New York City Transitional Finance Authority of up to $775 million of tax-exempt fixed-rate bonds in December.

 Three sales from the New York State Housing Finance Agency that combined total up to $155 million of tax-exempt and-or taxable fixed- and variable-rate bonds in October.

A sale from the Port Authority of New York and New Jersey of up to $247 million of tax-exempt fixed-rate bonds in October.

A state deal of up to $460 million of tax-exempt and-or taxable fixed-rate bonds in November.

In addition, the Dormitory Authority, the Port Authority and the Triborough Bridge and Tunnel Authority are considering refundings.

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