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New York City Transitional Finance to sell $800 million bonds, BABs Thursday via Goldman
By Sheri Kasprzak
New York, Oct. 9 - The New York City Transitional Finance Authority is set to sell $800 million in series 2010 future tax secured bonds on Thursday, according to a sales calendar. Retail order periods will be conducted Tuesday and Wednesday.
The bonds (Aa2/AAA/AA+) will be sold through lead manager Goldman, Sachs & Co. The co-managers are Barclays Capital Inc. and Citigroup Global Markets Inc.
The deal includes $140 million in series 2010C-1 tax-exempt subordinate bonds and $660 million in series 2010C-2 taxable subordinate Build America Bonds. Both tranches are due 2011 to 2031.
Proceeds will be used to fund general city capital expenditures.
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