New York City announced on Thursday it will offer around $1.49 billion of general obligation bonds next month.
Goldman Sachs is set to price $800 million of tax-exempt fixed-rate new money bonds and about $60 million of tax-exempt bonds, which will be converted from variable-rate demand bonds to fixed-rates.
The deal will have a two-day retail order period starting on Friday, July 29, with the institutional pricing set for Tuesday, Aug. 2.
Serving as co-senior managers on the deal will be Bank of America Merrill Lynch, Citigroup, Jefferies, JPMorgan, Loop Capital Markets, Ramirez & Co., RBC Capital Markets, Siebert Brandford Shank & Co. and Wells Fargo Securities.
Also on Aug. 2, the city will competitively sell $250 million of taxable fixed-rate new money bonds.
Additionally, the city intends to price about $380 million of tax-exempt VRDBs on Wednesday, Aug. 17, bringing the total sale to approximately $1.49 billion.
