New York State preps $325.39 million sale of general obligation bonds

By Sheri Kasprzak

New York, March 9 – The State of New York is expected to price $325,385,000 of series 2015 general obligation bonds on Tuesday, according to a preliminary official statement.

The deal includes $139.47 million of series 2015A tax-exempt bonds, $5,645,000 of series 2015B taxable bonds and $180.27 million of series 2015C tax-exempt refunding bonds.

The bonds (/AA+/) will be sold on a competitive basis with Public Resources Advisory Group as the financial adviser.

The 2015A bonds are due 2016 to 2045. The 2015B bonds are due 2016 to 2025. The 2015C bonds are due 2015 to 2034.

Proceeds will be used to finance capital expenditures and refund existing G.O. bonds.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.