Build NYC to sell $68 million notes for Metro College of New York

By Sheri Kasprzak

New York, Nov. 19 – The Build NYC Resource Corp. is expected to come to market with $68 million of series 2014 revenue bonds for the Metropolitan College of New York, according to a preliminary official statement.

The bonds (//BB) will be sold through underwriter Janney Montgomery Scott LLC.

The maturities have not been set.

Proceeds will be used to acquire, furnish, equip and renovate condominiums at 40 Rector Street in Manhattan for administrative and classroom space.

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