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Andrew W. Mellon Foundation, N.Y., to sell $230 million bonds Tuesday
By Sheri Kasprzak
New York, June 12 - The Andrew W. Mellon Foundation of New York is scheduled on Tuesday to sell $230 million in series 2009 taxable bonds, according to a preliminary official statement.
The bonds (Aaa/AAA/) will be sold through senior manager Morgan Stanley & Co. Inc.
The bonds are due Aug. 1, 2014.
Proceeds will be used to fund a variety of charities.
The foundation has its main office in New York City.
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