Indiana University preps $105.41 million sale of student fee bonds

By Sheri Kasprzak

New York, Oct. 15 - The Indiana University is set to price $105,405,000 of series V student fee bonds, according to a preliminary official statement. Pricing is expected for the week of Oct. 15.

The deal includes $57,905,000 of series V-1 tax-exempt student fee bonds and $47.5 million of series V-2 taxable student fee bonds.

The bonds (Aaa/AA+/) will be sold on a negotiated basis with J.P. Morgan Securities LLC as the senior manager and Goldman, Sachs & Co. and Loop Capital Markets LLC as the co-managers.

The V-1 bonds are due 2013 to 2026 and the V-2 bonds are due 2013 to 2020.

Proceeds will be used to refund existing debt and refund outstanding qualified energy savings project notes.

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