The New York City Transitional Finance Authority sold $1 billion of future tax-secured fixed-rate subordinate bonds, including $800 million of tax-exempt new-money bonds, $100 million of taxable qualified school construction bonds and $100 million of taxable new-money bonds.

The TFA received about $143 million of orders during the two-day retail period that preceded last week’s sale. Goldman, Sachs & Co. led a syndicate on the tax-exempt sale, with yields ranging from 0.37% in 2014 to 3.58% in 2039.

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