New York’s comptroller Thomas DiNapoli on Thursday announced a
The proposed issuances total $4.9 billion, which surpasses last quarter’s $3.8 billion, but matches last year’s third quarter issuance of $5 billion.
July will see the greatest issuance with $2.7 billion. August has $850 million on the calendar and September has $1.3 billion of bond sales scheduled.
Leading the new debt sales for the third quarter is the Dormitory Authority of the State of New York with $1.2 billion of personal income tax bonds, scheduled for the week of July 16th.
Other big new issues include the Transitional Finance Authority’s two bond sales, both in the amount of $850 million, and New York City’s $850 million bond sale.
The TFA’s first sale of $850 million of building aid revenue bonds is scheduled to price the week of July 9th, with JPMorgan as lead underwriter. The second sale of personal income tax bonds in the same amount is scheduled for August.
New York City’s $850 million of general obligation bonds is scheduled to price during the week of September 24th.
The comptroller’s office said refundings are currently being contemplated by DASNY, New York City Housing Development Corporation, State of New York Mortgage Agency, and the Triborough Bridge and Tunnel Authority.
The Office of the State Comptroller chairs the Securities Coordinating Committee, which was created primarily to coordinate the borrowing activities of the sate, New York City and their public authorities.
The office releases a new bond calendar each quarter and updates it as necessary.
