New York State Comptroller Thomas P. DiNapoli today announced a tentative schedule for the planned bond sales for New York state, New York City and their major public authorities during the second quarter of 2021. The state and New York City are not planning any bond issues at this point in time.
The planned sales of $2.45 billion include $1.55 billion of new money and $901 million of refundings and reofferings as follows:
- $1.18 billion scheduled for April, of which $1.12 billion is for new money and $65 million for refunding or reoffering purposes;
- $604 million scheduled for May, of which $125 million is for new money purposes and $479 million is for refunding purposes; and
- $666 million scheduled for June, of which $309 million is for new money purposes and $357 million is for refunding purposes.
The anticipated sales in the second quarter compare to past planned sales of $6.92 billion during the first quarter of 2021, and $3.68 billion during the second quarter of 2020.
The State Comptroller’s office chairs the Securities Coordinating Committee, which was created by Gubernatorial Executive Order primarily to coordinate the borrowing activities of the state, New York City and their respective public authorities. All borrowings are scheduled at the request of the issuer and done pursuant to their borrowing programs.
A new schedule is released every quarter and updated as necessary. The schedule is released by the committee to assist participants in the municipal bond market. It is contingent upon execution of all project approvals required by law. The collection and release of this information by the Office of the State Comptroller is not intended as an endorsement of the proposed issuances it contains, many of which will be subject to approval by the Office of the State Comptroller.
The prospective second quarter calendar includes anticipated bond sales by the following issuers: the Dormitory Authority of the State of New York, the New York City Housing Development Corporation, the New York State Environmental Facilities Corp., the New York State Housing Finance Agency, the Port Authority of New York & New Jersey, and the Triborough Bridge and Tunnel Authority.
Find out how your government money is spent at Open Book New York. Track municipal spending, the state's 180,000 contracts, billions in state payments and public authority data. Visit the Reading Room for contract FOIL requests, bid protest decisions and commonly requested data.