Liberty University, Va., prepares $100 million sale of taxable bonds

By Sheri Kasprzak

New York, Jan. 6 - Liberty University of Virginia is set to price $100 million of series 2012 taxable bonds, said a preliminary official statement.

The bonds (A1/AA/) will be sold on a negotiated basis with Morgan Stanley & Co. LLC and Davenport & Co. LLC.

The bonds are due March 1, 2042.

Proceeds will be used to construct a new health sciences school, library, baseball stadium and roadways.

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