New York State, New York City, and their authorities plan to sell $3.93 billion of bonds in the first quarter of 2014.
From Jan. 13 to the end of the month New York plans to sell more than $2 billion, including a $1 billion bond and an $800 million bond, according to the office of New York State Comptroller Thomas DiNapoli.
Among the highlights of the first quarter is the Transitional Finance Authority’s plan to sell $800 million in tax-exempt bonds and $50 million of taxable bonds in the week of Jan. 13. In the week of Jan. 20 the Port Authority of New York and New Jersey plans to sell $1 billion in taxable World Trade Center capital projects bonds.
On Jan. 20 the Triborough Bridge and Tunnel Authority plans to sell $100 million in tax-exempt general revenue bond anticipation notes. On Jan. 23 the same authority plans to sell $250 million in tax-exempt general revenue bonds.
In February the Metropolitan Transportation Authority plans to sell $500 million in tax-exempt transportation revenue bonds.
In the week of March 24 New York City plans to sell $800 million in tax-exempt capital projects bonds.
The Dormitory Authority of the State of New York and the New York City Municipal Water Finance Authority are considering refundings or reofferings.
The plans for bond sales will be modified and updated in response to changes in program needs and market conditions, the office of DiNapoli said.
