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The Bank of America and the Durst Organization Inc. plan to refund $650 million of Liberty bonds sold to partially finance One Bryant Park, a $1.37 billion 57-story office tower in Midtown Manhattan, but so far don't want to discuss details of the refinancing.
The two underwriters on the original sale, Bank of America subsidiary Banc of America Securities LLC and BNY Capital Markets Inc., offered no comment. Bond counsel Winston & Strawn LLP did not respond to requests for comment.
The bank's unidentified point-person on the sale "wants to pass on commenting," bank spokeswoman Louise Hennessy said in an e-mail.
The deal goes before the New York City Industrial Development Agency tomorrow for final authorization. IDA spokesman Jorge Montalvo said that deals typically go to market one to two months after receiving final board approval.
The original variable-rate Liberty bonds Series 2004A and 2004B, totaling $650 million, were sold on behalf of...