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 months of June and July of 2023.
The planned sales of $6.06 billion include $2.64 billion of new money and $3.42 billion of refundings and reofferings as follows:
- $4.52 billion scheduled for June, $1.6 billion of which is for new money purposes and $2.92 billion of which is for refunding and reoffering purposes; and
- $1.55 billion scheduled for July, $1.05 billion of which is for new money purposes and $500 million of which is for refunding purposes.
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.
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 calendar includes anticipated bond sales by the following issuers: Battery Park City Authority, the Dormitory Authority of the State of New York, the Environmental Facilities Corporation, the New York State Energy Research and Development Authority, the New York State Housing Finance Agency, the New York City Housing Development Corporation, the Port Authority of New York & New Jersey, and the Triborough Bridge and Tunnel Authority.