New Issue: New York Liberty Development releases pricing terms on $2.58 billion bond sale

By Sheri Kasprzak

New York, Dec. 24 - The New York Liberty Development Corp. gave details of its $2,579,955,000 in series 2009 multi-modal revenue bonds which priced on Tuesday, according to an official statement released Thursday.

The bonds (Aaa/VMIG1/A-1+/AAA/F1+) were sold through Goldman, Sachs & Co.

The bonds are due 2049 and have a 0.5% coupon, priced at par.

Proceeds will be used to fund the construction of three office buildings at the World Trade Center site in downtown Manhattan.

Issuer:	New York Liberty Development Corp.
Issue:	Series 2009 multi-modal revenue bonds
Amount:	$2,579,955,000
Maturity:	2049
Coupon:	0.5%
Price:	Par
Type:	Negotiated
Underwriter:	Goldman, Sachs & Co.
Ratings:	Moody's: Aaa/VMIG 1
	Standard & Poor's: A-1+
	Fitch: AAA/F1+
Pricing date:	Dec. 22
Settlement date:	Dec. 30

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