Bond Offering

Senior Revenue Bonds, Series 2019C (Federally Taxable) (Sustainability Bonds)

Offering Summary

Bond Details

Par Amount
Retail Order Period Begins
July 16, 2019
Sale Date
July 17, 2019
Closing Date
August 6, 2019
Method of Sale
Bond Type
Fixed Rate
Principal Payment Dates
November 1, 2027
Interest Payment Dates
May 1 and November 1 of each year, commencing November 1, 2019
Optional Redemption
Make Whole Call as described within the Preliminary Official Statement
Expected Structure
2027 Serial Maturity
$5,000 or integral multiple thereof
Tax Status
Federally Taxable

Additional Information

The Hugh L. Carey Battery Park City Authority (the "Authority") announces the details of its upcoming sale of approximately $222.84 million of Senior Revenue Bonds, comprised of approximately $219.3 million of tax-exempt fixed rate bonds and $3.5 million of taxable fixed rate bonds.

Proceeds from the bond sale will be used for Sustainability Program projects, infrastructure capital improvements, and to refund certain senior and junior lien indebtedness of the Authority.

An Investor Presentation can be accessed via the following link:

Subject to market conditions, the pricing for the bonds will take place on Wednesday, July 17, 2019, via negotiated sale through the Authority's underwriting syndicate, led by book-running lead manager Morgan Stanley with Ramirez & Co., Inc. serving as co-senior manager and Drexel Hamilton, LLC, RBC Capital Markets and Siebert Cisneros Shank & Co., L.L.C. serving as co-managers.

Individual investors will have priority in placing orders for the bonds during a one-day retail order period on Tuesday, July 16, 2019.

The bonds are expected to close on Tuesday, August 6, 2019.