The New York City Transitional Finance Authority will competitively sell $1.35 billion of Fiscal 2018 Series A future tax secured tax-exempt and taxable subordinate bonds on Tuesday, Aug. 8, the TFA announced on Friday.
Proceeds of the sale will be used to fund capital projects.
Emile Wamsteker/Bloomberg News
The separate bond sales consist of:
- $180.915 million of Subseries A-1 tax-exempts;
- $407.205 million of Subseries A-2 tax-exempts;
- $411.88 million of Subseries A-3 tax-exempts;
- $124.055 million of Subseries A-4 taxables; and
- $225.945 million of Subseries A-5 taxables.
Also on Aug. 8, the TFA intends to reoffer about $162 million of Fiscal 2018 Series 1 fixed-rate tax-exempts via competitive bid to convert existing floating-rate bonds into fixed-rates.
