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New York Public Library organizes $200 million taxable bond offering
By Sheri Kasprzak
New York, Feb. 24 – The New York Public Library is expected to sell $200 million of series 2015A taxable bonds, according to a preliminary official statement and a roadshow from underwriter Morgan Stanley & Co. LLC.
The bonds (A1/AA-/) will be sold on a negotiated basis.
The bonds are due July 1, 2045.
Proceeds will be used to finance several capital projects, as well as to refund existing debt.
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