Metropolitan Opera, N.Y., arranges $100 million sale of taxable bonds

By Sheri Kasprzak

New York, Dec. 7 - The Metropolitan Opera of New York is expected to sell $100 million of series 2012 taxable bonds, according to a preliminary official statement.

The bonds will be sold through Bank of America Merrill Lynch and Morgan Stanley & Co. LLC.

The maturities have not been set.

Proceeds will be used to repay certain debt held by the opera.

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