New York City's cautious strategy in the face of the market turbulence that dictated smaller deals at the end of last year has given way to a new confidence as it readies a $600 million bond offering for school construction.

When the city markets its Transitional Finance Authority building aid revenue bonds, or BARBs, on Monday with a two-day retail order period to be succeeded by institutional pricing on Wednesday, the size of the deal will already be $200 million greater than appeared on a preliminary second-quarter debt issuance calendar put out by the state comptroller's office.

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