New York City Transitional Finance
Authority Future Tax Secured
Subordinate Bonds Fiscal 2018 Series 1

New York City Transitional Finance Authority

Invest in New York City today. The proceeds of the bonds, when originally issued, were used for capital expenditures. Please review the offering documents under the documents tab for full details.


Issuance characteristics
  • Refunding
  • Not callable
  • Federally tax exempt
  • Revenue
  • Competitive sale

About this bond issuance

  • Purpose

    The proceeds of the Reoffered Bonds, when originally issued, were used for City capital expenditures. Certain expenses of the Authority incurred in connection with the reoffering and sale of the Reoffered Bonds will be paid from the proceeds of the Reoffered Bonds.

  • Issuer

    The New York City Transitional Finance Authority (the "Authority") is a corporate governmental agency constituting a public benefit corporation and an instrumentality of the State of New York (the "State") created by the New York City Transitional Finance Authority Act (as amended, the "Act").

  • Security

    The Bonds will be Subordinate Bonds of the Authority, as more fully described, with other terms of the Bonds, in the Preliminary Reoffering Circular.

  • Trustee

    The Bank of New York Mellon, New York, New York, acts as the Authority's trustee.

  • General

    The interest rate on the Reoffered Bonds is being converted from adjustable rates to fixed rates to maturity. The Reoffered Bonds will bear interest at the rates and will mature on the dates as set forth on the inside cover page of this Reoffering Circular unless redeemed prior to maturity if subject to redemption.

About the issuer

Contact information

Ratings

Ratings

AA

S&P

Aa2

Moody's

AA

Fitch

Financing team

Neighborly Securities
Neighborly is a co-manager on this issuance.
Bond Counsel