The New York City Transitional Finance Authority intends to sell $1 billion in a future tax secured subordinate bond sale on Feb. 9, officials from the city's Office of Management and Budget and city Comptroller Scott Stringer announced.
A two-day retail period on Feb. 5 and Feb. 8 will precede a $750 million negotiated sale of tax-exempt, fixed-rate new-money bonds through the TFA's underwriting syndicate.
Book-running senior manager Bank of America Merrill Lynch will lead the sale with Barclays, Goldman Sachs & Co., JPMorgan, Loop Capital Markets LLC, Morgan Stanley and Wells Fargo Securities the co-senior managers.
Also on Feb. 9, the TFA will sell $250 million of taxable fixed-rate new money bonds through competitive bid.
