New York City Transitional set to sell $300 million of bonds Wednesday

By Sheri Kasprzak

New York, June 20 - The New York City Transitional Finance Authority is scheduled to price $300 million of series 2011S building aid revenue bonds on Wednesday, said a notice of sale.

The offering includes $200 million of series 2011S-2A tax-exempt bonds and $100 million of series 2011S-2B taxable bonds.

The bonds will be sold competitively with Public Resources Advisory Group as the financial adviser.

The 2011S-2A bonds are due 2027 to 2040, and the 2011S-2B bonds are due July 15, 2026.

Proceeds will be used to fund qualified school construction projects within the city.

The authority issues bonds and notes for the city's capital projects.

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