Minnesota State Colleges to price $60.96 million of revenue fund bonds

By Sheri Kasprzak

New York, Feb. 11 - The Minnesota State Colleges and Universities plans to price $60,955,000 of series 2013 revenue fund bonds, according to a preliminary official statement. Pricing is expected for Feb. 21.

The deal includes $57,475,000 of series 2013A bonds and $3.48 million of series 2013B taxable bonds.

The bonds (Aa2/AA-/) will be sold competitively with Springsted Inc. as the financial adviser.

The 2013A bonds are due 2014 to 2033, and the 2013B bonds are due 2014 to 2023.

Proceeds will be used to construct a student center and a parking ramp, renovate a student center and demolish existing student residences at various campuses throughout the system.

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