New York State, New York City and their major public authorities have scheduled $6.75 billion of new money and refunding sales for the third quarter, state Comptroller Thomas DiNapoli said.
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That includes $3.2 billion scheduled for July, with $1.96 billion for new money and $1.24 billion for refunding; and $3.49 billion for August, with $2.23 billion for new money and $1.26 billion is for refunding or reoffering.
In addition, a new-money $65 million sale is scheduled for September.
The anticipated sales in the third quarter compare with past planned sales of $2.45 billion during the second quarter of 2021, and $5.08 billion during the third quarter of 2020.
DiNapoli’s office chairs the Securities Coordinating Committee, created by gubernatorial executive order primarily to coordinate the borrowing activities of the state, city and their respective public authorities.
All borrowings are scheduled at the request of the issuer in sync with their borrowing programs.
The prospective calendar also includes anticipated bond sales by the Dormitory Authority of the State of New York, the New York City Transitional Finance Authority, the New York State Thruway Authority, and the State of New York Mortgage Agency.
