Mississippi State University to sell $55.37 million revenue bonds

By Sheri Kasprzak

New York, June 28 - Mississippi State University plans to price $55.365 million of series 2011 residence hall construction and refunding revenue bonds, according to a preliminary official statement.

The bonds will be sold on a negotiated basis with Morgan Keegan & Co. Inc. as the lead manager. The co-managers are Citigroup Global Markets Inc. and Morgan Stanley & Co. Inc.

The bonds are due 2012 to 2026 with term bonds due in 2031, 2036 and 2041.

Proceeds will be used to refund the university's series 2001 revenue bonds sold through the Mississippi Educational Building Corp., as well as to make capital improvements to the university's main campus, including the construction of a new residence hall.

The university is located in Starkville, Miss.

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