New York City intends to sell $370 million of fixed-rate, tax-exempt new money bonds and roughly $100 million of fixed-rate taxable bonds via two separate competitive bids on Tuesday, subject to market conditions.
The general obligation bonds carry double-A ratings from Moody’s Investors Service, Standard & Poor’s and Fitch Ratings.
The city also expects to price $760 million of tax-exempt variable-rate demand bonds around April 4.