New York State Comptroller Thomas P. DiNapoli today announced a tentative schedule of planned bond sales for New York State, New York City and their major public authorities during the first quarter of 2024.
The planned sales of $4.36 billion include $3.11 billion of new money and $1.25 billion of refundings and reofferings as follows:
- $1.40 billion scheduled for January, $600 million of which is for new money purposes and $800 million of which is for refunding purposes; and
- $2.96 billion scheduled for February, $2.51 billion of which is for new money purposes and $450 million of which is for refunding and reoffering purposes.
The anticipated sales in the first quarter compare to past planned sales of $9.11 billion during the fourth quarter of 2023, and $1.76 billion during first quarter of 2023.
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 first quarter calendar includes anticipated bond sales by the following issuers: the City of New York, the Nassau County Interim Finance Authority, the New York City Transitional Finance Authority, the New York State Housing Finance Agency, the New York State Thruway Authority, the State of New York Mortgage Agency, and the Triborough Bridge and Tunnel Authority.
Calendar:
Securities Coordinating Committee (SCC) Forward Issuance Bond Calendar