A busier New York State bond calendar is planned for the first quarter compared to early 2015, State Comptroller Thomas DiNapoli announced on Jan. 6.
The tentative schedule for the first three months of the year includes $3.82 billion of new debt sales across the Empire State including $447.8 million slated for January, $1.45 billion in February and roughly $1.93 billion for March. There were $2.44 billion of new issuance in New York during the 2015 first quarter, according to DiNapoli. The fourth quarter saw $5.68 billion in borrowing.
Some of the largest deals DiNapoli expects to come to market in the first quarter are:
- Up to $850 million in February from the New York City Transitional Finance Authority in fixed rate taxable and tax-exempt bonds.
- A bond sale of up to $750 million in fixed rate tax-exempt bonds from New York City Transitional Finance Authority in March.
- A note sale of up to $700 million in March in fixed rate tax-exempt notes from the Metropolitan Transportation Authority.
- A bond sale of up to $500 million in February from the MTA in fixed rate tax-exempt bonds for the month of February.
- A bond sale up to $475 million in fixed rate tax-exempt bonds from the State of New York in March.
- A bond sale of up to $300 million in fixed rate tax-exempt bonds in January from the Triborough Bridge & Tunnel Authority.
DiNapoli also announced that refundings or reofferings are being contemplated by New York City, the Dormitory Authority of the State of New York, Empire State Development, the New York City Municipal Water Finance Authority and the Utility Debt Securitization Authority.
