Battery Park City Authority, N.Y., arranges $360.33 million bond deal

By Sheri Kasprzak

New York, Oct. 8 - The Battery Park City Authority of New York is set to price $360.33 million of series 2013 senior revenue bonds, according to a preliminary official statement.

The offering includes $353,435,000 of series 2013A tax-exempt bonds and $6,895,000 of series 2013B taxable bonds.

The bonds (Aaa//AAA) will be sold on a negotiated basis with Citigroup Global Markets Inc. and Ramirez & Co. Inc. as the senior managers. The co-managers are BofA Merrill Lynch, J.P. Morgan Securities LLC, Lebenthal & Co. LLC, Rice Financial Products Co. and Wells Fargo Securities LLC.

The 2013A bonds are due 2014 to 2026 and the 2013B bonds are due 2014 to 2015.

Proceeds will be used to finance capital improvements to Battery Park City, as well as to refund existing debt.

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