Press Release

October 17, 2024, Hauppauge, New York

After a two-year absence from the capital markets, Suffolk County, New York hosted a successful sale of $164,415,000 Public Improvement Serial Bonds - 2024 Series A, earlier today. The bonds were sold at competitive sale and received bids totaling $1.973 billion from a dozen different banks and broker/dealers.

Following the sale, Suffolk County Comptroller John Kennedy commented “We were very pleased with the results of today’s sale. Investors showed strong support for our bond issue and the winning bid of 3.39% from Jefferies, LLC was even better than what was projected for an 18-year issue.” 

Kennedy added that credit rating upgrades earlier this year by both Fitch Ratings and S&P Global gave investors added confidence that the County had come through the pandemic stronger than ever.  Proceeds from the sale of the bonds will be used to fund over 200 projects, County-wide, including roads, sewers, parks, open space acquisition and other infrastructure improvements. The bonds are scheduled to be delivered to investors on October 30th.

Contact: Suffolk County Comptroller’s Office (631-853-5040)
John M. Kennedy, Jr., Comptroller