State Comptroller Thomas P. DiNapoli today announced the details of the upcoming competitive sale scheduled for October 28 of State of New York General Obligation Refunding Bonds, totaling $916 million.
The bonds will be issued for the purpose of refunding certain outstanding State of New York General Obligation bonds to reduce debt service costs. The bonds would mature over 22 years.
The bonds are expected to be awarded pursuant to electronic competitive bidding to be held via BiDCOMP on behalf of the Comptroller of the State of New York on October 28, 2019, as set forth in the Notice of Sale published in The Bond Buyer on October 22, 2019. The bonds will be dated the date of delivery, expected to be October 30, 2019.
Dependent on market conditions, the State of New York reserves its right to change, amend or cancel this scheduled sale of General Obligation Refunding Bonds.
A copy of the Preliminary Official Statement is available.
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