New Issue: Build NYC Resource sells $50.17 million Ethical Culture Fieldstone debt

By Sheri Kasprzak

New York, April 30 – Build NYC Resource Corp. sold $50.17 million of series 2015 revenue bonds for the Ethical Culture Fieldstone School, according to a pricing sheet.

The bonds (/A-/A+) were sold through BofA Merrill Lynch.

The bonds are due 2016 to 2035 with 3% to 5% coupons.

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.

Issuer:	Build NYC Resources Corp./Ethical Culture Fieldstone School
Issue:	Series 2015 revenue bonds
Amount:	$50.17 million
Type:	Negotiated
Underwriter:	BofA Merrill Lynch
Ratings:	Standard & Poor’s: A-
	Fitch: A+
Pricing date:	April 30
Settlement date:	May 21
Amount	Maturity	Type	Coupon	Price
$710,000	2016	Serial	3%	102.56
$3,795,000	2017	Serial	5%	108.178
$3.91 million	2018	Serial	5%	110.824
$4,065,000	2019	Serial	4%	109.039
$4.23 million	2020	Serial	5%	114.746
$4,395,000	2021	Serial	5%	116.154
$4,575,000	2022	Serial	5%	117.428
$4.78 million	2023	Serial	5%	117.922
$4,995,000	2024	Serial	5%	118.758
$1.04 million	2025	Serial	5%	119.118
$1.09 million	2026	Serial	5%	117.872
$1.14 million	2027	Serial	3%	98.507
$1.2 million	2028	Serial	5%	115.707
$1.26 million	2029	Serial	3.25%	97.899
$1.32 million	2030	Serial	5%	114.32
$1.39 million	2031	Serial	3.5%	97.597
$1,455,000	2032	Serial	5%	113.225
$1.53 million	2033	Serial	5%	112.953
$1,605,000	2034	Serial	3.75%	98.659
$1,685,000	2035	Serial	5%	112.232

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