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Build NYC Resource coordinates $50.17 million revenue bond offering
By Sheri Kasprzak
New York, April 23 – The Build NYC Resource Corp. is expected to price $50.17 million of series 2015 revenue bonds for the Ethical Culture Fieldstone School project, according to a preliminary official statement.
The bonds (/A-/A+) will be sold on a negotiated basis with BofA Merrill Lynch as the senior manager.
The bonds are due 2016 to 2035.
Proceeds will be used to finance the construction, equipment and improvement of buildings on the institution’s Bronx campus, as well as to refund the corporation’s series 2005 bonds.
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