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New York Liberty Development preps $1.25 billion sale of revenue bonds
By Sheri Kasprzak
New York, Oct. 24 - New York Liberty Development Corp. plans to price $1.25 billion of series 2011 liberty revenue bonds for the 4 World Trade Center project, said a preliminary official statement.
The bonds will be sold through Goldman Sachs & Co. and J.P. Morgan Securities LLC with M.R. Beal & Co. and Siebert Brandford Shank & Co. LLC as the co-managers.
The bonds are due Nov. 15, 2031, Nov. 15, 2041 and Nov. 15, 2051.
Proceeds will be used to construct Tower 4 of the World Trade Center, a 64-floor building that will be comprised of office and retail space.
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