New York City Comptroller William C. Thompson, Jr. announced today that the City has successfully sold $950 Million in General Obligation bonds. The offering consisted of $650 million in new money and a $300 million refunding component, with both tax-exempt and taxable pieces.

Over $415 million of the bonds were sold during the retail order period, which was held Tuesday and Wednesday (January 7 and January 8) of this week.

“This level of retail participation is unprecedented and very gratifying,” said Comptroller Thompson. “It shows that investors still believe in and support the City of New York.”

The offering was priced in the institutional market Thursday morning. Yields on the bonds ranged from 2.05 percent in 2005 to 5.35 percent in 2033.

Proceeds of the sale will be used to fund capital work throughout the City and reduce debt service on certain previously issued bonds.