Comptroller Edward V. Regan of New York yesterday announced a proposed schedule for fourth-quarter bond and note sales of $5.53 billion by the state, its authorities, and New York City.
During the same period last year, $4.47 billion of debt was scheduled for sale and $2.79 billion was actually sold.
The state is planning to sell $250 million of bonds in November and $125 million in December.
The Local Government Assistance Corp. is planning a $350 million revenue bond sale in December.
New York City is scheduled to sell $1.25 billion in revenue anticipation notes today and plans an $800 million bond offering in December. City officials are also mulling the sale of $1 billion of uninsured bonds in November to defease a similar amount of insured bonds to free up insurance capacity for future bond sales. The refunding and its date of sale were not included in the comptroller's announcement because of concerns about insider trading, said a spokesman for Mr. Regan.
With its offering of $102 million of bonds yesterday, the Dormitory Authority completed the first of four deals slated for October. Also on the sales block are deals totaling $28 million, $13 million, and $10.5 million. In November, the authority plans sales of $15 million, $25.2 million, $12 million, and $38 million. And in December, bond sales totaling $230 million and a $50 million are scheduled.
The Housing Finance Agency steps to the plate in October with a $105 million offering and a $13.5 million offering. In November, the agency plans a $20 million sale.
The Urban Development Corp. is expected to sell a $5 million bond offering in October and a $150 million bond sale in November.
The Medical Care Facilities Finance Agency expects to offer bond sales of $45 million and $6 million in October; and $44 million, $40 million, $29 million, and $45 million in November; and $230 million and $50 million in December.
The Municipal Bond Bank Agency is planning a $70 million offering in November. The Metropolitan Transportation Authority is slated to sell a $176 million bond offering in Novembert a $250 million offering in December.
The Housing Development Corp. has scheduled bonds sales of $125 million and $55 million in December.
The Environmental Facilities Corp. is slated to sell a $33 million deal in October and $300 million offering in November.
The State of New York Mortgage Finance Agency is planning a $300 million bond sale in December.
The Job Development Agency has bond sales of $60 million in November and $25 million in December. And the Power Authority is planning a $50 million bond offering.
Refunding bond sales are also currently being contemplated by the Dormitory Authority, the Entergy Research and Development Authority, the Triborough Bridge and Tunnel Authority, the Medical Care Facilities Finance Agency, the Power Authority, and the Urban Development Corp.