The New York City Transitional Finance Authority sold $914.8 million of subordinate fixed-rate bonds on Thursday.

Of that amount, $100 million were tax-exempt new money bonds, for which RBC Capital Markets submitted the winning bid at a true interest cost of 2.27%; $552.8 million were tax-exempt refunding bonds, for which Bank of America Merrill Lynch won with a TIC of 2.27%; and $32 million were tax-exempt bonds converted from variable-rate to fixed-rate bonds, for which Goldman, Sachs & Co. won with a TIC of 0.75%.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.