New York State Urban Development to sell $1.1 billion bonds Friday

By Sheri Kasprzak

New York, Jan. 5 - The New York State Urban Development Corp. will sell $1,097,750,000 in series 2009 state personal income tax revenue bonds Friday, according to calendar of deals.

The bonds will be sold through senior manager Citigroup Global Markets Inc.

The co-managers are Morgan Stanley & Co. Inc.; Loop Capital Markets LLC; Merrill Lynch & Co.; Banc of America Securities LLC; Goldman, Sachs & Co.; J.P. Morgan Securities Inc.; Depfa First Albany Securities; KeyBanc Capital Markets; M.R. Beal & Co.; Prager, Sealy & Co.; Ramirez & Co.; Raymond James & Associates; RBC Capital Markets Corp.; Roosevelt & Cross; and Siebert Brandford Shank & Co.

Proceeds will be used for community revitalization, technology projects under the New York State Technology and Development Program, as well as for grants and loans.

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