NYC picks new financial advisors

New York City on Monday announced its selection of financial advisors for upcoming bond issuances in 2024.

The Mayor’s Office of Management and Budget, the Office of the New York City Comptroller, the New York City Transitional Finance Authority, the New York City Municipal Water Finance Authority, the Hudson Yards Infrastructure Corp. and TSASC Inc. picked advisors for their upcoming bond issues.

OMB and the comptroller chose Public Resources Advisory Group and Frasca & Associates to serve as co-financial advisors for the city’s general obligation bond deals. Acacia Financial Group was selected to serve as an advisor for special projects related to New York City.

Frasca & Associates is a certified minority-owned business enterprise and Acacia Financial Group is a certified women-owned business enterprise.

The TFA chose PRAG and Frasca to serve as co-financial advisors to the TFA.

The MWFA selected Lamont Financial Services Corp. and Frasca to serve as financial advisors on a rotating basis. Omnicap Group was picked to serve as an advisor for special projects related to the authority.

Hudson chose PRAG and Acacia Financial Group to serve as co-financial advisors.

TSASC picked Acacia to serve as financial advisor while PRAG will advise OMB and the comptroller on TSASC matters related to the city under their GO contract.