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NYS Comptroller

THOMAS P. DiNAPOLI

NEWS from the Office of the New York State Comptroller

Contact: Press Office 518-474-4015

DiNapoli Announces $114 Million of G.O. Bonds Awarded

Wells Fargo Bank, National Association Outbids 10 Others to Win Competitive Sale


March 13, 2019

State Comptroller Thomas P. DiNapoli today awarded $114.04 million of New York State Series 2019A Tax-Exempt General Obligation Bonds to Wells Fargo Bank, National Association, which submitted the lowest true interest cost bid of 1.668079 percent in the competitive sale. The bonds are scheduled to be delivered on March 21, 2019.

The net proceeds of the Series 2019A Bonds will finance projects authorized by the following bond acts: Environmental Quality (1972), Environmental Quality (1986), Clean Water/Clean Air (1996), Rebuild and Renew New York Transportation (2005) and Smart Schools (2014). The Series 2019A Bonds will mature over 9 years.

A summary of bids received for the Series 2019A Bonds can be viewed at General Obligation Bond sale.

The Series 2019A Bonds are rated AA+ by S&P Global Ratings, Aa1 by Moody’s Investors Service Inc. and AA+ by Fitch Ratings.

 


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