The New York City Transitional Finance Authority intends to sell $1.15 billion in future tax-secured subordinate bonds in September.
The TFA, which funds a portion of New York City's capital program, plans a negotiated deal to price $750 million of tax-exempt, fixed-rate new-money bonds on Sept. 22 after a two-day retail period scheduled to begin Sept. 18.
TFA's underwriting syndicate led by book-running senior manager Goldman, Sachs & Co. will manage the sale. Barclays, Bank of America Merrill Lynch, JPMorgan, Loop Capital Markets LLC, Morgan Stanley and Wells Fargo Securities LLC are co-senior managers.
Also on Sept. 22, the TFA will sell $250 million of taxable fixed-rate new money bonds by competitive bid.
Additionally, the TFA intends to price $150 million of tax-exempt new money variable-rate demand bonds on Sept. 28.
