NYS Office of the Comptroller DiNapoli Releases Bond Calendar for Fourth Quarter

 

Tentative Schedule Includes $9.11 Billion of New Money and Refunding Debt Sales

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 fourth quarter of 2023.

The planned sales of $9.11 billion include $6.43 billion of new money and $2.68 billion of refundings as follows:

• $7.60 billion scheduled for October, $5.74 billion of which is for new money purposes and $1.86 billion of which is for refunding purposes;
• $125 million scheduled for November, all of which is for new money purposes; and
• $1.38 billion scheduled for December, $560 million of which is for new money purposes and $820 million of which is for refunding purposes.

The anticipated sales in the fourth quarter compare to past planned sales of $3.38 billion during the third quarter of 2023, and $5.65 billion during the fourth quarter of 2022.

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.

The prospective fourth quarter calendar includes anticipated bond sales by the following issuers: the City of New York, the Empire State Development Corporation, the Environmental Facilities Corporation, the New York City Housing Development Corporation, the New York City Transitional Finance Authority, the New York Power Authority, the New York State Housing Finance Agency, the New York State Thruway Authority, the New York Transportation Development Corporation, the State of New York Mortgage Agency, the Triborough Bridge and Tunnel Authority and the Utility Debt Securitization Authority.

Calendar:

Securities Coordinating Committee (SCC) Forward Issuance Bond Calendar