By Sheri Kasprzak
New York, Nov. 3 - The New York Liberty Development Corp. priced $1,225,520,000 of series 2011 World Trade Center Tower 4 liberty revenue bonds, according to a pricing sheet.
The bonds (/A+/) were sold through senior managers Goldman Sachs & Co. and J.P. Morgan Securities LLC. The co-managers were M.R. Beal & Co. and Siebert Brandford Shank & Co. LLC.
The bonds are due in 2031, 2044 and 2051. The 2031 bonds have a 5% coupon priced at 101.177. The 2044 bonds have a split maturity with a 5% coupon priced at 98.625 and a 5.125% coupon priced at 100.583. The 2051 bonds have a 5.75% coupon priced at 105.443.
Proceeds will be used to construct Tower 4 of the World Trade Center, a 64-floor building for office and retail space.
| Issuer: | New York Liberty Development Corp.
|
| Issue: | Series 2011 World Trade Center Tower 4 liberty revenue bonds
|
| Amount: | $1,225,520,000
|
| Type: | Negotiated
|
| Underwriters: | Goldman Sachs & Co. and J.P. Morgan Securities LLC (lead), M.R. Beal & Co. and Siebert Brandford Shank & Co. LLC (co-managers)
|
| Rating: | Standard & Poor's: A+
|
| Pricing date: | Nov. 3
|
| Settlement date: | Nov. 15
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $140.18 million | 2031 | Term | 5% | 101.177
|
| $424.695 million | 2044 | Term | 5% | 98.625
|
| $150 million | 2044 | Term | 5.125% | 100.583
|
| $510.645 million | 2051 | Term | 5.75% | 105.443
|
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