The New York City Transitional Finance Authority plans to sell $850 million of future tax-secured subordinate bonds the week of Nov. 3.
A two-day retail order period will precede the TFA's planned $700 million negotiated sale of tax-exempt fixed-rate new money bonds on Nov. 5. Book-running senior manager Barclays will coordinate the sale. Bank of America Merrill Lynch, Goldman Sachs & Co., JP Morgan, Loop Capital Markets LLC, Morgan Stanley and Wells Fargo are co-senior managers.
Also on Nov. 5, TFA will sell $150 million of taxable fixed-rate new money bonds via competitive bid.
The state legislature created the TFA in 1997 to enable the city to get around general obligation debt limits.
