California Infrastructure preps $150 million of bonds for Broad Museum

By Sheri Kasprzak

New York, June 10 - The California Infrastructure and Economic Development Bank is set to sell $150 million of series 2011A revenue bonds for The Broad Museum, said a preliminary official statement.

The bonds (Aa1) will be sold through senior manager Morgan Stanley & Co. Inc.

The bonds are due June 1, 2021.

Proceeds will be used to design, construct, install and furnish a museum facility in downtown Los Angeles.

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