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Published on 6/25/2010 in the Prospect News Municipals Daily.

Empire State Development, N.Y., to sell $650 million in One Bryant Park Liberty bonds Wednesday

By Sheri Kasprzak

New York, June 25 - The Empire State Development Corp. of New York is expected to sell $650 million in series 2010 Liberty bonds on Wednesday, according to a sales calendar.

The offering will be sold through senior manager Merrill Lynch & Co. Inc.

The bonds (/AA/AA) will be used to finance the construction of One Bryant Park, a certified commercial tower.

Based in New York, the corporation finances economic development in the city.


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