DiNapoli Announces Scheduled Sale of State of New York's First Environmental, Social and Governance General Obligation Bonds Series 2026A Tax-Exempt and 2026B Taxable (Sustainability Bonds)

What this means

A factual summary is pending editorial review. The complete official release is reproduced below with issuer attribution and a direct link to the original publication.

Official release

Source material from New York Office of the State Comptroller. The wording below is the issuer’s statement.

State Comptroller Thomas P. DiNapoli today announced a New York State General Obligation (GO) bond issuance totaling $317.2 million scheduled for September 17th. The bonds, which will finance transportation, education and environmental projects, will be designated as Sustainability Bonds, the first time the State’s GO bonds have received an Environmental, Social and Governance (ESG) distinction.

The sale will be conducted on a competitive basis and consists of tax-exempt and taxable bonds. The net proceeds of $285 million of the Series 2026A Tax-Exempt Bonds (Sustainability Bonds) will provide new money to finance projects authorized by the following voter-approved bond acts: Environmental Quality (1972), Clean Water/Clean Air (1996), Rebuild and Renew New York Transportation (2005), Smart Schools (2014), and Clean Water, Clean Air, and Green Jobs (2022). The Series 2026A Tax-Exempt Bonds are expected to mature over sixteen years, 2032 through 2047.

The net proceeds of $52.8 million of the Series 2026B Taxable Bonds (Sustainability Bonds) will provide new money to finance projects authorized by the following voter-approved bond acts: Environmental Quality (1986), Clean Water/Clean Air (1996), Rebuild and Renew New York Transportation (2005), Smart Schools (2014), and Clean Water, Clean Air, and Green Jobs (2022). The Series 2026B Taxable Bonds are expected to mature over six years, 2027 through 2032.

The bonds are expected to be awarded pursuant to electronic competitive bidding to be held via BiDCOMP/Parity on behalf of the Comptroller of the State of New York on September 17, 2026, as set forth in the Notice of Sale published in The Bond Buyer on September 10. The bonds will be dated as of the date of delivery, expected to be September 30, 2026.

The State of New York reserves its right to change, amend or cancel this scheduled sale of General Obligation Bonds.

A copy of the Preliminary Official Statement is available.

Release text attributed to New York Office of the State Comptroller. Consult the official publication for any subsequent corrections or updates.