The New York City Transitional Finance Authority sold $900 million of future tax-secured, fixed-rate new money subordinate bonds on Wednesday. They consisted of $600 million of tax-exempt bonds, $200 million of taxable bonds, and $100 million of taxable qualified school construction bonds.

The TFA received more than $93 million of retail orders for the tax-exempt bonds during a two-day order period preceding the institutional sale, according to a spokesman for New York City Comptroller John Liu.

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