New York issuers plan $4.622 billion in refundings and sales

By Cristal Cody

Springdale, Ark., July 11 - State and local issuers in New York expect to refund and price $4.622 billion bonds in sales through September, according to a sale calendar from the New York State Comptroller's Securities Coordinating Committee.

The City University of New York plans to price $215 million fixed-rate refunding bonds through the Dormitory Authority of the State of New York (Dasny) the week of July 14.

The New York City Municipal Water Finance Authority expects to refund $353 million and price $100 million fixed-rate bonds for water and sewer capital projects on July 16.

Looking ahead, New York City plans to price $800 million fixed-rate general obligation bonds the week of Aug. 4.

The New York City Municipal Water Finance Authority also intends to price $350 million variable-rate bonds for water and sewer capital projects on Aug. 5.

During the week of Aug. 18, the New York State Thruway Authority plans to refund $530 million CHIPS auction-rate bonds and price $350 million fixed-rate second general highway and bridge trust fund bonds.

The Thruway Authority also plans to price $350 million fixed-rate transportation bonds the week of Aug. 25.

Also in August, Dasny expects to price $104 million fixed-rate bonds for the Pratt Institute. The sale will include $56.3 million in refunding and $47.7 million new money.

The State of New York Mortgage Agency plans to refund $40 million and price $60 million fixed-rate and variable-rate bonds, and the New York State Housing Finance Agency expects to price $50.1 million variable-rate bonds for the 350 West 37th Street project.

Moving into September, Dasny is scheduled to convert and refund $142 million University of Rochester variable-rate bonds and the Metropolitan Transportation Authority plans to price $478 million fixed-rate bonds for transit and commuter projects.

On Sept. 23, the New York City Transitional Finance Agency is scheduled to price $700 million fixed-rate building aid revenue bonds.

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