New York Liberty to redeem $2.59 billion World Trade Center bonds

By Marisa Wong

Madison, Wis., Nov. 24 - New York Liberty Development Corp. gave notice that it will redeem a total of $2.59 billion of its World Trade Center Project Multi-Modal Liberty revenue bonds, series 2009A-1, 2009A-2 and 2009B, on Dec. 17.

The bonds will be redeemed at par plus accrued interest to the redemption date.

The bonds will be defeased on Dec. 16.

The Bank of New York Mellon is the trustee.

The New York development company was established to rebuild the World Trade Center and redevelop lower Manhattan.

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