The New York City Transitional Finance Authority intends to sell $1.05 billion of future tax-secured subordinate bonds in July.
The TFA, which funds part of the city's capital program, is planning a roughly $800 million negotiated sale of fixed-rate new-money bonds on July 13, after a two-day retail period.
Book-running senior manager Siebert Brandford Shank & Co. LLC will lead the sale. Co-senior managers are Bank of America Merrill Lynch, Citigroup, Goldman Sachs & Co, Jefferies LLC, JP Morgan, Loop Capital Markets, Ramirez & Co., RBC Capital Markets and Wells Fargo Securities.
Also on July 13, the authority will sell $250 million of taxable fixed-rate new money bonds through competitive bid.
