New York's Trust for Cultural Resources to sell $193.87 million for Julliard Wednesday

By Sheri Kasprzak

New York, March 23 - The Trust for Cultural Resources of the City of New York plans to price $193.865 million in series 2009 revenue bonds for the Julliard School on Wednesday, said a sellside source close to the deal.

The bonds (Aa2) will be sold through senior manager J.P. Morgan Securities Inc.

The sale includes $47.85 million in series 2009A bonds, which are due 2034 and 2039; $76.015 million in series 2009B bonds, which are due 2036; and $70 million in series 2009C bonds, which are due 2036, said a preliminary official statement.

Proceeds will be used to expand and renovate the Julliard campus at Lincoln Center.

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