University of St. Thomas, Minn., to sell $58.94 million revenue bonds

By Sheri Kasprzak

New York, May 20 - The Minnesota Higher Education Facilities Authority is set to price $58.94 million in series six-X revenue bonds for the University of St. Thomas, according to a preliminary official statement released Wednesday.

The bonds (A2) will be sold through lead manager Dougherty & Co. The co-managers include RBC Capital Markets Inc. and Wells Fargo Brokerage Services LLC.

The bonds are due 2011 to 2021 with term bonds due 2024, 2029, 2034 and 2039.

Proceeds will be used to modify existing buildings, perform site work, construct new buildings and make a deposit to a reserve account.

The university is based in St. Paul, Minn.

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