Bank of NY Swap Provides Stability to HDC Debt
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Description
HDC maintains a $150 million swap with Bank of NY, paying 1.7365% through July 2045 to hedge variable bonds.
Contract Details
Contract Amount
$150,000,000 hedge outstanding, $150,000,000 notional
Vendor
BANK OF NY
Agency
NYC Housing Development Corporation (HDC), NY
Contract Type
FINANCIAL_SERVICES
Document Date
May 28, 2026
Contract Term
7/1/2025 – 7/1/2045
Renewal Date
2045-07-01
Renewal Info
Term set to end 7/1/2045.
More from BANK OF NY
Issuing Agency
Public Authority
New York, NY
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