The New York City Transitional Finance Authority next week plans to privately place $375 million of Build America Bonds and traditional taxable municipal bonds with the New York State Division of Lottery and to market its first competitive BAB deal as part of a $900 million transaction.

The TFA announced Thursday that it's offering the new-money bonds on its future tax-secured subordinate-lien credit, which is backed by the city's personal income and sales taxes.

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