New York Liberty to issue $50.27 million World Trade Center bonds

By Sheri Kasprzak

New York, Dec. 17 - The New York Liberty Development Corp. is set to price $50.265 million of series 2010A Three World Trade Center project multimodal recovery zone revenue bonds, according to a preliminary official statement.

The offering includes $50 million of series 2010A-1 bonds and $265,000 of series 2010A-2 bonds.

Both bonds are due Dec. 1, 2050. The 2010A-2 bonds will bear interest at the weekly rate.

Goldman Sachs & Co. is the senior manager.

Proceeds will be used to finance construction at Three World Trade Center, a tower at the World Trade Center site to be comprised of mostly offices.

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