By James McCandless
San Antonio, Oct. 16 – BNY Mellon Municipal Bond Infrastructure Fund, Inc. priced a $75 million offering of remarketable variable rate MuniFund term preferred shares, according to a press release.
The offering was made to two “qualified institutional buyers” as defined in Rule 144A under the Securities Act of 1933.
BNY Mellon Municipal is a New York-based diversified, closed-end management investment company.
| Issuer: | BNY Mellon Municipal Bond Infrastructure Fund, Inc.
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| Description: | Remarketable variable rate MuniFund term preferred shares
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| Amount: | $75 million
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| Pricing date: | Oct. 16
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| Distribution: | Rule 144A
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