Michigan State University arranges $175.72 million revenue bond deal

By Sheri Kasprzak

New York, April 22 - The Board of Trustees of Michigan State University is expected to price $175,715,000 of series 2013A general revenue bonds during the week of April 22, according to a preliminary official statement.

The bonds (Aa1/AA/) will be sold on a negotiated basis with BofA Merrill Lynch and J.P. Morgan Securities LLC as the senior managers.

The bonds are due 2014 to 2033 with term bonds due in 2038 and 2041.

Proceeds will be used to construct new research facilities, a bioengineering facility, a theater and residence halls.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.