Notable Transactions

September 8, 2022

BRYANT RABBINO ASSISTS NEW YORK CITY WITH THE ISSUANCE OF OVER $I.3 BILLION OF GENERAL OBLIGATION BONDS

Bryant Rabbino served as Co-Bond Counsel to The City of New York (the “City”),  one of the nation’s most active and comprehensive issuers of tax-exempt bonds, Bryant Rabbino played a primary role in connection with the issuance by the City of its $950,000,000 General Obligation Bonds, Fiscal 2023 Subseries A-1 (Tax-Exempt) and its $125,000,000 General Obligation Bonds, Fiscal 2023 Subseries A-2 (Taxable).

Bryant Rabbino also served as Co-Bond Counsel to the City in connection with the issuance by the City of its $300,000,000 General Obligation Bonds, Fiscal 2023 Subseries A-3 and A-4 Adjustable Rate Bonds.  The Adjustable Rate Bonds are backed by two separate standby bond purchase agreements, which support the payment of the purchase price of tendered Bonds bearing interest at a “Daily Rate.”

The Bonds were issued to finance the City’s general capital purposes.

Bryant Rabbino attorneys B. Seth Bryant, Sani A. Williams, Aram Muradyan, and Bernard Armoo assisted on the transactions. Both transactions closed on September 8, 2022.

 

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