From the Office of the New York State Comptroller
Thomas P. DiNapoli
April 3, 2017, Contact: Press Office (518) 474-4015
DiNapoli Releases Bond Calendar for Second Quarter
Tentative Schedule Includes $4.68 Billion of New Money, Refunding and Reoffering Debt Sales
New York State Comptroller Thomas P. DiNapoli today announced a tentative schedule for the planned bond sales for the state, New York City and their major public authorities during the second quarter of 2017.
The planned sales of $4.68 billion include $3.31 billion of new money and $1.37 billion of refundings or reofferings as follows:
- $3.07 billion scheduled for April of which $1.87 billion is new money and $1.20 billion is refundings or reofferings;
- $1.46 billion scheduled for May of which $1.30 billion is new money and $164 million is refundings or reofferings; and
- $145 million scheduled for June, all of which is new money.
The anticipated sales in the second quarter compare to past planned sales of $4.27 billion during the first quarter of 2017 and $5.58 billion during the second quarter of 2016.
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 Comptroller.
The prospective second quarterly calendar includes anticipated bond sales by the following issuers: Dormitory Authority of the State of New York, Erie County Fiscal Stability Authority, Metropolitan Transportation Authority, New York City Transitional Finance Authority, New York State Environmental Facilities Corporation, New York State Housing Finance Agency, and Port Authority of New York & New Jersey.
The detailed forward calendar can obtained at: www.osc.state.ny.us/pension/scccalendar.pdf
For access to state and local government spending, public authority financial data and information on 130,000 state contracts, visit Open Book New York. The easy-to-use website was created to promote transparency in government and provide taxpayers with better access to financial data.