University of North Carolina to sell $126.74 million revenue bonds

By Sheri Kasprzak

New York, June 17 - The University of North Carolina is set to sell $126.735 million in series 2009 system pool revenue bonds, according to a preliminary official statement. Pricing is expected for June.

The sale includes $44.86 million in series 2009A bonds (Aa3), $21.06 million in series 2009B bonds (A1) and $60.815 million in series 2009C bonds (A3).

The bonds will be sold on a negotiated basis with Merrill Lynch & Co. Inc. as the senior manager.

The co-managers are Jackson Securities Inc., Loop Capital Markets LLC and Wachovia Securities LLC.

The 2009A bonds are due 2010 to 2034 with a term bond. The 2009B bonds are due 2010 to 2034 with a term bond. The 2009C bonds are due 2010 to 2034 with a term bond.

Proceeds will be used to refund existing loans.

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