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Subscribe Now The New York City Transitional Finance Authority ranked first among the Top 10 issuers in Q1 2025.
The top 10 issuers accounted for $22.12 billion of the total issuance for the year, or 18.7%
New York boasts five of the top 10 issuers, followed by California with three and one a piece for Massachusetts and Alabama.
Top issuers in Q1
| Rank | Issuer | Q1 2025 par amount
(USD millions) | Market share | Number of issues |
| 1 | NYC Transitional
Finance Authority | $3,447.77 | 2.92% | 3 |
| 2 | Regents of the
University of California | $3,211.58 | 2.72% | 3 |
| 3 | Triborough Bridge
and Tunnel
Authority | $2,500.00 | 2.11% | 3 |
| 4 | Southeast Energy
Authority | $2,419.24 | 2.05% | 6 |
| 5 | NYS Dorm
Authority | $2,144.80 | 1.81% | 7 |
| 6 | California Infrastructure
and Economic
Development Bank | $2,000.00 | 1.69% | 1 |
| 7 | Massachusetts Development
Finance Agency | $1,877.48 | 1.59% | 8 |
| 8 | Los Angeles
Department of Airports | $1,599.32 | 1.35% | 3 |
| 9 | NYC Municipal
Water Finance
Authority | $1,509.83 | 1.28% | 2 |
| 10 | New York City | $1,410.52 | 1.19% | 1 |
