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New York's Trust for Cultural Resources to sell $57 million for MoMA
By Sheri Kasprzak
New York, July 9 - The Trust for Cultural Resources of the City of New York plans to price $57 million in series 2010-1A refunding revenue bonds for the Museum of Modern Art, according to a preliminary official statement.
The bonds (Aa2) will be sold through lead manager Goldman, Sachs & Co.
Proceeds will refund existing bonds that were used to finance improvements to the city's Museum of Modern Art.
The trust provides financing for a variety of cultural projects and facilities throughout the city.
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