New York City Cultural Resources Trust to sell $90.89 million Museum of Modern Art bonds

By Sheri Kasprzak

New York, April 16 - The New York City Cultural Resources Trust plans to price $90,885,000 of series 2012 refunding revenue bonds for the Museum of Modern Art on Wednesday, according to a sales calendar.

The deal includes $51,415,000 of series 2012-One-D refunding revenue bonds and $39.47 million of series 2012A refunding revenue bonds.

The bonds (Aa2) will be sold on a negotiated basis with Goldman Sachs & Co. as the senior manager.

Proceeds will be used to refund existing debt.

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