Empire State Development, N.Y., to sell $1.5 billion personal income tax revenue bonds Tuesday

By Sheri Kasprzak

New York, Nov. 13 - The Empire State Development Corp. of New York is set to sell $1,501,245,000 in series 2009 New York State urban development state personal income tax revenue bonds on Tuesday, according to a sales calendar.

The sale includes $501.51 million in series 2009C bonds, $224.12 million in series 2009D taxable bonds and $775.615 million in series 2009E Build America Bonds.

The bonds (/AAA/AA) will be sold through lead manager Goldman Sachs & Co.

Proceeds will be used to fund capital improvements.

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