By Sheri Kasprzak
New York, Jan. 17 - Liberty University of Virginia priced $100 million of series 2012 taxable bonds, according to a pricing sheet.
The bonds (A1/AA/) were sold through senior managers Morgan Stanley & Co. LLC and Davenport & Co. LLC.
The bonds are due March 1, 2042, and bear interest at 5.1% priced at par.
Proceeds will be used to construct a new health sciences school, a library, a baseball stadium and roadways.
The university is located in Lynchburg, Va.
| Issuer: | Liberty University, Va.
|
| Issue: | Series 2012 taxable bonds
|
| Amount: | $100 million
|
| Maturity: | March 1, 2042
|
| Coupon: | 5.1%
|
| Price: | 100
|
| Type: | Negotiated
|
| Underwriters: | Morgan Stanley & Co. LLC and Davenport & Co. LLC
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: AA
|
| Pricing date: | Jan. 11
|
| Settlement date: | Jan. 19
|
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