N.Y.C. Selling $850M of TFA Debt

Phillips, Ted
August 2010
Bond Buyer;8/2/2010, Vol. 373 Issue 33359, p1
Trade Publication
The article reports on the plans of the New York City (NYC) government to market 850-million-dollar state bonds through the Transitional Finance Authority (TFA). It notes that the state bonds will be sold on the future tax-secured credit and subordinate senior-lien debt of TFA. It states that NYC Mayor Michael Bloomberg does not have plans to pay for debt surge penalty. It also mentions the advisors to the public debt offerings of NYC.


Related Articles

  • Bloomberg sees pros, cons of high-technology revolution. Khasru, B.Z. // Fairfield County Business Journal;11/30/98, Vol. 37 Issue 48, p5 

    Discusses the plans of Bloomberg Financial Markets founder Michael Bloomberg not to change its strategy of not going public in 1999. Comments from Bloomberg on his lack of retirement plans.

  • BLOOMBERG'S WAGER. Greenblatt, Alan // Governing;Dec2006, Vol. 20 Issue 3, p22 

    The article talks about the efforts of New York City Mayor Michael Bloomberg to fight poverty. The mayor wants to target the groups of adult working poor, children under the age of 5 and young people between 16 and 24, in his plans. Bloomberg also wants to become the first city to provide a tax...

  • Mayor Mike, Inc. Bai, Matt // Newsweek;4/22/2002, Vol. 139 Issue 16, p39 

    Focuses on New York Mayor Mike Bloomberg. His approach to his job; Idea that his business model is about to be tested, including his efforts to deal with the city's fiscal crisis based on a $5 billion budget gap; Outlook for his ability to impact the city budget and remain popular.

  • N.Y.C. Rushes Bonds to Market As Offerings Crowd Calendar. McKaig, Ryan // Bond Buyer;3/21/2001, Vol. 335 Issue 31101, p1 

    Reports that New York city officials will sell $ 300 million of bonds on or about May 22, 2003 to finance projects for the New York City court system. Ratings of the bonds according to Moody's Investors Service; Representation of the Transitional Finance Authority's effort to enter into the...

  • N.Y.C. Speeds Up Two TFA Deals To Sidestep Rush of State Paper. McKaig, Ryan // Bond Buyer;10/26/2001, Vol. 338 Issue 31252, p1 

    Focuses on plans of the New York City, New York Transitional Finance Authority (TFA) to sell bonds under its deals with various government bodies. Details of bonds that will be sold by TFA; Ratings of bonds sold by TFA; Government authorities whose bonds will be sold by TFA.

  • New York's Supply Shortage Should Make TFA Deal a Hit. Albano, Christine // Bond Buyer;4/8/2002, Vol. 340 Issue 31360, p7 

    Reports the projections for an optimistic municipal market in the U.S. Statement regarding the revenue bond offering of the New York City Transitional Finance Authority by managing director Mike Pietronico; Interest of investors on the revenue bonds of the Authority; Credit rating for the...

  • TFA Offers BARBs, QZABs. Burton, Paul // Bond Buyer;12/12/2011, Vol. 378 Issue 33630, p9 

    The article reports on the issuance of the New York City Transitional Finance Authority's 650 million dollars worth of new-money building aid revenue bonds in 2011.

  • TFA Does Private Placements. Phillips, Ted // Bond Buyer;6/7/2010, Vol. 372 Issue 33328, p9 

    The article reports on 100 million dollars of variable-rate bonds sold by the New York City Transitional Finance Authority (TSA) to Wells Fargo NA, which is considered as the TFA's first direct private placement.

  • Taxpayer files argument to exclude N.Y.C., TFA from lawsuit. Roy, Elizabeth // Bond Buyer;07/15/97, Vol. 321 Issue 30187, p3 

    Focuses on New York resident Robert Schulz's argument that New York City and the Transitional Finance Authority (TFA) should not be included as defendants in his lawsuit against the constitutionality of TFA. City's claims that it needs the TFA in order to avert a financing crisis; Abrogation of...


Read the Article


Sign out of this library

Other Topics