The New York State Comptroller's office on Friday announced its schedule for upcoming state, state authority, and New York City debt sales, which total $4.23 billion for the third quarter.
The report said about $1.98 billion is scheduled for sale in July, about $1.37 billion in August, and $878 million in September.
New York City is scheduled to sell issues of $800 million in July, $300 million in August, as well as a note sale of $1 billion or more in late July.
The city's $800 million sale will be underwritten by First Boston Corp. August's $300 million sale will be sold through the city's emerging managers group, a special underwriting bracket of minority firms.
The city's tax anticipation and revenue anticipation note sale is an annual cash flow borrowing to cover expenses until the city receives state aid and property taxes later in the fiscal year, which ends June 30. Last year, the city sold $1.4 billion of notes.
Other debt sales in the third quarter include:
* A Thurway Authority bond sale of $190 million in September.
* An Urban Development Corp. bond issue of $6 million in July.
* Dormitory Authority issues of $42.2 million, $35 million, $20.8 million, and $13.4 million in July; $235 million and $400 million in August; and $11 million and $30 million in September.
* A Housing Finance Agency offering of $55 million in August; and offerings of $75 million, $10 million, and $50 million in September.
* Medical Care Facilities Finance Agency issues of $2.7 million and $25 million in July; $18 million and $69 million in August; and $150 million and $62 million in September.
* Triborough Bridge and Tunnel Authority issues of $300 million in August and $300 million in September.
* An Environmental Facilities Corp. offering of $35 million in July.
The comptroller's debt sales report noted that several state agencies are contemplating refunding bonds sales, including the Medical Care Facilities Finance Agency, the Battery Park City Authority, the State of New York Mortgage Agency, the Power Authority, the Metropolitan Transportation Authority, the New York City Water Authority, the Housing Development Corp., and the Housing Finance Agency.
The report also said that no public sales are anticipated by the state's Energy Research and Development Authority, the Municipal Assistance Corporation for the City of New York, the New York City Health and Hospitals Corp., the Local Government Assistance Corp., the Metropolitan Transportation Authority, and the Job Development Authority.