New Issue: Metropolitan Museum of Art, N.Y., sells $250 million taxable bonds

By Sheri Kasprzak

New York, Jan. 27 – The Metropolitan Museum of Art in New York sold $250 million of series 2015 taxable bonds, according to an official statement.

The bonds (Aaa/AAA/) were sold through senior managers Morgan Stanley & Co. LLC and Barclays.

The bonds are due July 1, 2045 and have a 3.431% coupon priced at 99.42.

Proceeds will be used to finance capital projects, including renovations to the skylight and electrical system.

Issuer:	Metropolitan Museum of Art
Issue:	Series 2015 taxable bonds
Amount:	$250 million
Maturity:	July 1, 2045
Coupon:	3.431%
Price:	99.42
Type:	Negotiated
Underwriters:	Morgan Stanley & Co. LLC and Barclays (lead), BofA Merrill Lynch (co-manager)
Ratings:	Moody’s: Aaa
	Standard & Poor’s: AAA
Pricing date:	Jan. 26
Settlement date:	Feb. 2

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