The Dormitory Authority of the State of New York is issuing State Personal Income Tax Revenue Bonds (General Purpose). Individual retail investors will have the opportunity to place orders for these bonds before institutional investors. This early order period is on Tuesday, Dec. 17, 2019.
Call us today at 1-800-FMS-BOND (1-800-367-2663) or e-mail us for more information on how to buy these bonds during this early order period.
There are three steps to buy New York State bonds:
Step 1 – A Brokerage Account
Bonds and notes cannot be purchased directly from the State. An investor must have an account with a registered broker/dealer in order to buy New York State Bonds.
Step 2 – Learn About the Current Bond Offering
Bonds and notes can only be offered through an Official Statement (OS). Information regarding the bonds or notes, including their security, maturity dates, the types of projects they finance, and other information, can be found in the Official Statement (OS).
Step 3 – Minimum Denominations for Orders
Most fixed rate bonds and notes are issued in minimum denominations of $5,000 or multiples of $5,000, while variable rate bonds are generally issued in minimum denominations of $100,000 and in $5,000 increments above $100,000.
Order Periods
Bond offerings typically span two days, one for retail orders and the other for institutional orders. The retail order period typically takes place on the first of the two days.
Retail Order Period: The order period for retail customers, generally including individual investors.
Institutional Order Period: The order period for institutional customers, generally including banks, financial institutions, bond funds, insurance companies, etc.
Call us today at 1-800-FMS-BOND (1-800-367-2663) or e-mail us for more information on how to buy these bonds during this early order period.
Although this information is obtained from sources believed to be reliable, we cannot guarantee its completeness or accuracy. For complete information regarding these bonds, please view the Official Statement on our website, www.fmsbonds.com. Offerings are subject to prior sale and market conditions. Appreciation on discount bonds may be subject to taxation. As with any investment, market values may fluctuate during the period the bonds are held.