Minnesota Office of Higher Education offers $100 million revenue bonds

By Sheri Kasprzak

New York, Dec. 11 - The Minnesota Office of Higher Education plans to sell $100 million in series 2008 adjustable-rate supplemental student loan program revenue bonds, according to a preliminary official statement released Thursday.

The bonds are due Dec. 1, 2043 and initially bear interest at the weekly rate.

The sale includes $66.7 million in series 2008A taxable bonds and $33.3 million in series 2008B tax-exempt bonds.

RBC Capital Markets is the lead manager for the negotiated deal.

Proceeds will be used to finance or refinance student loans issued under the office's Supplemental Student Loan Program.

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