The New York City Transitional Finance Authority (TFA) is planning to raise a total of about $875 million in a sale of income-tax backed bonds, Bloomberg reports. The authority is still to price the largest part of the sale, the $232.9 million of bonds due in 2039. The city is also seeking to raise $136.4 million in a competitive sale of New York City general- obligation bonds, which is scheduled tomorrow. The obligation note sale will be followed on January 19 by $450 million of the city’s Municipal Water Finance Authority bonds through underwriters led by Jefferies.
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