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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 |