NYC HDC Debt Report as of April 30, 2026
Royal Bank of Canada Swap Mitigates HDC Risk
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Description
A significant swap with Royal Bank of Canada helps HDC manage interest rate exposure on $184 million through May 2050.
Contract Details
Contract Amount
$177,530,000 hedge outstanding, $184,000,000 notional
Vendor
ROYAL BANK OF CANADA
Agency
NYC Housing Development Corporation (HDC), NY
Contract Type
FINANCIAL_SERVICES
Document Date
May 28, 2026
Contract Term
5/1/2024 – 5/1/2050
Renewal Date
2050-05-01
Renewal Info
Swap is cancelable 12/1/2045. Term ends 5/1/2050.
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ONGOINGIssuing Agency
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Public Authority
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