State Comptroller Thomas P. DiNapoli today announced the details of the negotiated sale of tax-exempt and taxable New York state General Obligation (GO) bonds scheduled for September 27th and 28th, currently estimated to total approximately $543 million. The state expects to sell $459.4 million for new money transportation, education, and environmental purposes with the Series 2023A, 2023B and 2023D bonds. Market conditions permitting, the state expects to sell $83.4 million or more of Series 2023C bonds to refund a portion of certain outstanding GO bonds to reduce the state’s overall debt service costs. A portion of the Series 2023C refunding bonds may include the refunding of existing GO bonds pursuant to the state’s Invitation to Offer Bonds for Purchase (“Invitation to Tender”).
Dependent on market conditions, the state of New York reserves its right to change, amend or cancel this scheduled sale of General Obligation Bonds.