N.Y.C. Selling $650M Liberty Bond Deal for Bank of America

McDonald, Michael
November 2004
Bond Buyer;11/17/2004, Vol. 350 Issue 32012, p1
Trade Publication
The article reports on the New York City Industrial Development Agency's decision to sell $650million Liberty bond deal for Bank of America in the U.S. The deal is expected to appeal to money market funds and wealthy individual investors. The agency is offering two series of bonds-$350 million Series 2004A, which is expected to be sold in a weekly mode and $300 million Series 2004B, which is expected to be sold in a daily mode. It is the agency's first sale of Liberty bonds, which are a form of private-activity bonds authorized by the federal government after the September 11, 2001 attacks to help rebuild lower Manhattan.


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