By Sheri Kasprzak
New York, Jan. 13 - The New York City Transitional Finance Authority priced $650 million in series 2009S-3 building aid revenue bonds Tuesday, said Ray Orlando, spokesman for the city's Office of Budget Management.
The offering was upsized to $650 million from $300 million, due to strong retail and institutional demand, said a statement released by the authority Tuesday afternoon. The offering had a two-day retail order period that began on Friday.
The bonds are due 2011 to 2039 with yields ranging from 2.05% to 5.55%.
Citigroup Global Markets was the senior manager with Goldman, Sachs & Co. as co-manager.
Proceeds will be used to pay a portion of certain five-year school plans throughout the city.
| Issuer: | New York City Transitional Finance Authority
|
| Issue: | Series 2009S-3 building aid revenue bonds
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| Amount: | $650 million
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| Maturities: | 2011 to 2039
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| Yields: | 2.05% to 5.55%
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| Type: | Negotiated
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| Underwriters: | Citigroup Global Markets (lead); Goldman, Sachs & Co. (co-manager)
|
| Pricing date: | Jan. 13
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