The New York City Education Construction Fund plans to competitively market $53 million of bonds tomorrow to finance construction of a public school at an apartment tower and retail complex. The deal will accept both taxable Build America Bond and tax-exempt bids. The bonds will have serial maturities out to 30 years.

“The [true interest costs] on the subsidized rate with the BABs will be compared to the TIC on the tax-exempts and we’ll take the lowest cost,” said New York City deputy budget director Alan Anders.

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