New York City Transitional Finance plans to sell $600 million bonds

By Sheri Kasprzak

New York, May 27 - The New York Transitional Finance Authority expects to price $600 million in series 2009S-5 building aid revenue bonds, according to a preliminary official statement.

The bonds will be sold on a negotiated basis with Citigroup Global Markets Inc. and Goldman, Sachs & Co. as the lead managers.

The co-managers include Barclays Capital Corp.; J.P. Morgan Securities Inc.; Jefferies & Co. Inc.; Loop Capital Markets LLC; M.R. Beal & Co.; Merrill Lynch & Co. Inc.; Morgan Stanley & Co. Inc.; Prager, Sealy & Co. LLC; Ramirez & Co. Inc.; Roosevelt & Cross Inc.; Siebert Brandford Shank & Co. LLC; Wachovia Bank; Jackson Securities Inc.; Raymond James & Associates Inc.; RBC Capital Markets Inc.; Southwest Securities Inc.; Stifel, Nicolaus & Co.

The bonds are due 2011 to 2029 with term bonds due 2034 and 2039.

Proceeds will be used to pay a portion of costs related to the authority's five-year building plan.

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