New York Comptroller Thomas DiNapoli
On Thursday DiNapoli said he expected there would be $6.71 billion in new money issuance in the quarter from the state, New York City, and their major public authorities. This compared to $4.91 billion during the fourth quarter of 2013 and $3.02 billion in the third quarter of 2013.
In addition, refundings or reofferings are being considered by the Long Island Power Authority, New York City Housing Development Corporation, New York City Municipal Water Finance Authority, Metropolitan Transportation Authority, the Port Authority of New York and New Jersey, and the Triborough Bridge & Tunnel Authority.
The biggest deals DiNapoli expects are:
- up to $1.25 billion in two tax-exempt and/or taxable bonds in October from the Dormitory Authority of the State of New York;
- up to $1.2 billion of tax-exempt and/or taxable bonds at the end of December from Empire State Development;
- up to $850 million of tax-exempt and taxable fixed and variable rate bonds in December from New York City;
- up to $750 million in tax-exempt bonds in November from the New York City Transitional Finance Authority;
- up to $675 million in tax-exempt and/or taxable bonds in November from the Long Island Power Authority;
- up to $511 million in tax-exempt fixed and variable rate bonds in December, up to $245 million in tax-exempt and taxable fixed and variable rate bonds in November, and up to $115 million in tax-exempt bonds in October, all of them from the New York State Housing Finance Authority.
