Rhode Island Health to sell $127.44 million of Brown University bonds

By Sheri Kasprzak

New York, June 21 - The Rhode Island Health and Higher Educational Building Corp. plans to sell $127.44 million of series 2012 higher education facilities revenue bonds for Brown University, according to a preliminary official statement. Pricing is scheduled for Wednesday.

The bonds (Aa1/AA+/) will be sold on a competitive basis with Public Financial Management Inc. and Yuba Group LLC as the financial advisers.

The bonds are due 2021 to 2022.

Proceeds will be used to renovate existing Brown University facilities and refund existing notes.

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