New York City Transitional Finance Authority
Future Tax Secured Tax-Exempt Subordinate Bonds, Fiscal 2026 Series B*
Offering Summary
- Par Amount
- $1,500,000,000
- Tax Status
- Tax-Exempt
- Sale Date
- 10/22/2025
- Sector
- County / City / Town
- State
- New York
- Bond Type
- Fixed Rate
- Method of Sale
- Negotiated
- Closing Date
- 10/30/2025
- Retail Order Period Begins
- 10/21/2025
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
*Preliminary and subject to change
Ratings
Outstanding FTS Subordinate Bond Ratings
Moody’s
Aa1
- Outlook
- Stable
- Date
- Oct 2025
S&P
AAA
- Outlook
- Stable
- Date
- Oct 2025
Fitch
AAA
- Outlook
- Stable
- Date
- Oct 2025
Roadshows
$1,500,000,000* New York City Transitional Finance Authority Future Tax Secured Tax-Exempt Subordinate Bonds Fiscal 2026 Series B Investor Presentation
Offering Participants
Book-Running Lead Manager
Siebert Williams Shank & Co., LLC
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
Drexel Hamilton, LLC
Fidelity Capital Markets
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Goldman Sachs & Co.
Great Pacific Securities
Janney Montgomery Scott LLC
Morgan Stanley
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Oppenheimer & Co. Inc.
Raymond James
Rice Financial Products Company
Roosevelt & Cross Inc.
Stern Brothers & Co.
Stifel, Nicolaus & Company, Inc.
TD Financial Products
About This Issuer
The New York City Transitional Finance Authority is a corporate governmental entity constituting a public benefit corporation and an instrumentality of the State of New York. The Authority was created by State legislation enacted in 1997 to issue and sell Future Tax Secured Bonds, secured primarily with New York City's personal income tax, to fund a portion of the capital program of the City.
For more information regarding the Authority and New York City's bond financing program, please visit:
NYC OMB Investor Relations: www.nyc.gov/bonds
Office of the NYC Comptroller: www.BuyNYCbonds.com