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New York Liberty Development prepares $452.79 million sale of liberty revenue refunding bonds
By Sheri Kasprzak
New York, March 12 - The New York Liberty Development Corp. plans to price $452.79 million of series 2012 liberty revenue refunding bonds for the 7 World Trade Center project, according to a preliminary official statement.
The bonds will be sold through J.P. Morgan Securities LLC and Bank of America Merrill Lynch. The co-managers are M.R. Beal & Co. Inc., Ramirez & Co. Inc. and Siebert Brandford Shank & Co. LLC.
The bonds are due 2028 to 2040 with term bonds due in 2043 and 2044.
Proceeds will be used to refund the corporation's bonds used to construct certain floors at 7 World Trade Center.
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