The New York City Transitional Finance Authority intends to sell roughly $1 billion of future tax-secured subordinate bonds later this month.
The TFA has scheduled an $800 million negotiated sale of fixed-rate new-money bonds Sept. 14 following a two-day retail order period and a further $250 million of taxable fixed-rate new money bonds competitively.
Book-running senior manager Ramirez & Co. is leading the negotiated sale.
Bank of America Merrill Lynch, Citigroup, Goldman Sachs & Co., Jefferies, JPMorgan, Loop Capital Markets LLC, RBC Capital Markets, Siebert Cisneros Shank & Co. LLC and Wells Fargo Securities – all part of the TFA's underwriting syndicate – are co-senior managers.
