The $1.3 billion refinancing this week of One Bryant Park, a Midtown Manhattan office tower, may be the first deal of its kind.

The New York Liberty Development Corp. Wednesday plans to issue $650 million of refunding Liberty bonds on behalf of the owners of the building, Bank of America Merrill Lynch and the Durst Organization. The refunding will be the first for Liberty bonds. At the same time, $650 million of commercial mortgage-backed securities will be marketed to refinance outstanding loans and pay for additional costs and fees.

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