Battery Park City Authority, N.Y., to sell $90.5 million bonds, BABs

By Sheri Kasprzak

New York, Dec. 3 - The Battery Park City Authority of New York is expected to sell $90.5 million in series 2009 senior revenue bonds, according to a preliminary official statement.

The deal includes $60 million in series 2009A Build America Bonds and $30.5 million in series 2009B tax-exempt bonds.

The bonds (Aaa//AAA) will be sold through senior managers Siebert Brandford Shank & Co. LLC and Citigroup Global Markets Inc.

The 2009A bonds are due 2039. The maturities for the 2009B bonds have not yet been set.

Proceeds will be used to fund infrastructure and capital improvements at Battery Park City, as well as to fund debt service reserve requirements.

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