NYC TFA Building Aid Revenue Bonds
Building Aid Revenue Bonds, Fiscal 2026 Series S-1, S-2 and S-3
Offering Summary
Building Aid Revenue Bonds, Fiscal 2026 Series S-1
- Par Amount
- $870,455,000
- Tax Status
- Tax-Exempt
- Sale Date
- 08/21/2025
- Sector
- County / City / Town
- State
- New York
- Bond Type
- Fixed Rate
- Method of Sale
- Negotiated
- Closing Date
- 08/28/2025
Building Aid Revenue Bonds, Fiscal 2026 Series S-2
- Par Amount
- $500,570,000
- Tax Status
- Tax-Exempt
- Sale Date
- 08/21/2025
- Sector
- County / City / Town
- State
- New York
- Bond Type
- Fixed Rate
- Method of Sale
- Negotiated
- Closing Date
- 10/17/2025
Building Aid Revenue Bonds, Fiscal 2026 Series S-3
- Par Amount
- $19,065,000
- Tax Status
- Tax-Exempt
- Sale Date
- 08/21/2025
- Sector
- County / City / Town
- State
- New York
- Bond Type
- Fixed Rate
- Method of Sale
- Negotiated
- Closing Date
- 10/17/2025
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.
Ratings
Bond Offering Ratings
Offering Participants
Book-Running Lead Manager
RBC Capital Markets
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Co-Senior Manager
Co-Manager
Academy Securities
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
J.P. Morgan Securities, LLC
Loop Capital
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 Securities
Wells Fargo Bank
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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.
State legislation enacted in April 2006 enables TFA to have outstanding up to $9.4 billion of Building Aid Revenue Bonds, notes or other obligations for purposes of funding costs of the five-year educational facilities capital plan for the City school system, which are to be paid for from New York State Building Aid to be received by the Authority subject to annual appropriation by the New York State Legislature.
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