Carnegie Hall to fund renovations through sale of bonds

Posted on: May 12, 2009

Monday (5/11) on Bloomberg.com, Jeremy R. Cooke reports, “Carnegie Hall, the 118-year-old concert hall in New York City, plans to sell $100 million of bonds later this year to fund renovations of its studio towers and backstage areas, according to Standard & Poor’s. The National Historic Landmark-designated institution in midtown Manhattan received S&P’s A+ rating, the fifth highest of 10 investment grades, in advance of the planned debt issue. The New York-based rating service also gave an A+ to $42 million in auction-rate bonds issued for Carnegie Hall in 2002.”

Posted May 12, 2009