The New York City Transitional Finance Authority intends to sell $700 million of tax-exempt, fixed-rate refunding bonds on Feb. 25 after a two-day retail order period.
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Book-running senior manager Wells Fargo Securities will lead the negotiated sale of the future tax secured subordinated bonds. Barclays, Bank of America Merrill Lynch, Goldman Sachs & Co., JPMorgan Chase & Co. and Loop Capital are co-senior managers.
Moody's Investors Service, Fitch Ratings and Standard & Poor's rate the bonds triple-A.
