New York City trust calls portion of Pierpont Morgan Library bonds

By Marisa Wong

Madison, Wis., March 16 - The Trust for Cultural Resources of the City of New York gave notice that it will redeem $5 million of its $50 million Pierpont Morgan Library series 2004 revenue bonds due Feb. 1, 2034.

The variable-rate bonds will be redeemed on April 1 at par plus accrued interest to the redemption date.

The Manhattan library houses collections of artistic, literary and musical work.

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