TITLE

Path Clear for $275M Getty Trust Museum Deal

AUTHOR(S)
Finestone, Deborah
PUB. DATE
May 2003
SOURCE
Bond Buyer;5/12/2003, Vol. 344 Issue 31633, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
After being stalled by lawsuits, the J. Paul Getty Trust will issue $275 million of revenue bonds as of May 13, 2003 to renovate the oil magnate's Malibu villa as a museum.The gilt-edged trust expects to issue variable-rate bonds in four series through the California Infrastructure and Economic Development Bank.The bonds will trade in daily and weekly modes following an initial yearlong fixed interest rate to take advantage of current low fixed rates and balance the trust's variable rate exposure, finance officials said.
ACCESSION #
9845645

 

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