New York City Transitional Finance preps $750 million bond offering

By Sheri Kasprzak

New York, June 15 – The New York City Transitional Finance Authority is on tap to price $750 million of series 2015S-2 building aid revenue bonds on Tuesday, according to a preliminary official statement.

The bonds (Aa2/AA/AA) will be sold on a negotiated basis with Goldman, Sachs & Co. and Ramirez & Co. Inc. as the senior managers. The co-managers are Barclays, J.P. Morgan Securities LLC, Morgan Stanley & co. LLC, Rice Financial Products Co., BofA Merrill Lynch, Jefferies & Co., Raymond James/Morgan Keegan, Siebert Brandford Shank & Co. LLC, Citigroup Global Markets Inc., Loop Capital Markets LLC, RBC Capital Markets LLC and Wells Fargo Bank, NA.

The bonds are due 2016 to 2044.

Proceeds will be used to finance capital projects as part of the authority’s five-year plan.

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