The City of New York, General
Obligation Bonds, Fiscal 2019 Series A &
B, 1994 Series H Subseries H-3

New York City

Invest in NYC today! Proceeds from the Fiscal Year 2019 Series A & B and Fiscal Year 1994 Series H, Subseries H-3 Bonds will be used to redeem outstanding general obligation bonds for savings and pay for certain costs of issuance.


Issuance characteristics
  • Contains callable maturities
  • Federally tax exempt
  • General Obligation
  • Negotiated sale

About this bond issuance

  • Purpose

    The proceeds of the Bonds will be used to redeem outstanding general obligation bonds for savings and pay for costs of issuance.

  • Obligor

    The City of New York. The City, with an estimated population of approximately 8.6 million, is an international center of business and culture. Its non-manufacturing economy is broadly based, with the banking, securities, insurance, technology, information, publishing, fashion, design, retailing, education and health care industries accounting for a significant portion of the City's total employment earnings. Additionally, the City is a leading tourist destination.

  • Issuer

    The City of New York.

  • Authority

    The Bonds are general obligations of the City issued pursuant to the Constitution and laws of the State, including the Local Finance Law, and the City Charter and in accordance with bond resolutions of the Mayor and a certificate of the Deputy Comptroller for Public Finance.

  • Security

    The Bonds are general obligations, full faith and credit obligations of The City, secured by a real property tax levied without limitation as to rate or amount. All of the City's property tax is deposited into the general debt service fund, which is administered and maintained by the State Comptroller.

  • Sale conditions

    Retail Order Period Day 1: Monday, August 6, 2018

    Retail Order Period Day 2: Tuesday, August 7, 2018

    *Please note this schedule is subject to acceleration at the discretion of the City.

Ratings

Expected ratings

AA

S&P

Aa2

Moody's

AA

Fitch

Financing team

Neighborly Securities
Neighborly is a selling group member on this issuance.
Underwriters
Municipal Advisors
Bond Counsel