City of New York
General Obligation Bonds, Fiscal 2026 Series E*
Offering Summary
General Obligation Bonds, Fiscal 2026 Series E, Subseries E-1*
- Par Amount
- $1,290,000,000
- Tax Status
- Taxable
- Sale Date
- 10/15/2025
- Sector
- County / City / Town
- State
- New York
- Method of Sale
- Negotiated
- Closing Date
- 10/23/2025
General Obligation Social Bonds, Fiscal 2026 Series E, Subseries E-2*
- Par Amount
- $460,000,000
- Tax Status
- Taxable
- Sale Date
- 10/15/2025
- Sector
- County / City / Town
- State
- New York
- Method of Sale
- Negotiated
- Closing Date
- 10/23/2025
Offering Documents
Disclaimer: Prospective investors should carefully review the Official Statement. Offers to purchase the bonds can only be made through a registered broker-dealer and through an Official Statement.
Additional Information
Use Of Proceeds
Net proceeds from the Subseries E-1 Bonds will be used to fund capital projects. Net proceeds from the Subseries E-2 Social Bonds will be used to reimburse prior spending by the city on the construction of 2,198 affordable housing units in New York City under the New York City Department of Housing Preservation and Development's Extremely Low- and Low-Income Affordability (ELLA) program, Senior Affordable Rental Apartments (SARA) program, and Supportive Housing Loan Program (SHLP).
Please see the Preliminary Official Statement for additional details.
*Preliminary and Subject to change
Ratings
Outstanding General Obligation Bond Ratings
Moody’s
Aa2
- Outlook
- Stable
- Date
- Sep 2025
S&P
AA
- Outlook
- Stable
- Date
- Sep 2025
Fitch
AA
- Outlook
- Stable
- Date
- Sep 2025
Kroll
AA+
- Outlook
- Stable
- Date
- Sep 2025
Roadshows
THE CITY OF NEW YORK General Obligation Bonds, Fiscal 2026 Series E Investor Presentation
Offering Participants
Book-Running Lead Manager
Wells Fargo Securities
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Joint Lead Manager
Rice Financial Products Company
Co-Senior Manager
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Co-Manager
Academy Securities Inc.
Barclays
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Blaylock Van, LLC
BNY Mellon Capital Markets, LLC
Cabrera Capital Markets LLC
Drexel Hamilton, LLC
Fidelity Capital Markets
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Goldman Sachs & Co. LLC
Great Pacific Securities
Janney Montgomery Scott
Morgan Stanley
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Oppenheimer & Co.
Raymond James
Roosevelt & Cross Inc.
Stern Brothers & Co.
Stifel, Nicolaus & Company Inc
TD Financial Products
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About This Issuer
The City of New York, with an estimated population of approximately 8.5 million as of July 2024, is an international center of business and culture. Its economy is broadly based, with the banking, securities, insurance, technology, information, publishing, fashion, design, retailing, education and health care industries accounting for a significant portion of the city's total employment earnings. Additionally, the city is a leading tourist destination.
For more information about New York City and its bond financing program, please visit:
NYC OMB Investor Relations: www.nyc.gov/bonds
Office of the NYC Comptroller: www.BuyNYCbonds.com