By Sheri Kasprzak
New York, July 7 - The Mississippi State University priced $55.365 million of series 2011 residence hall construction and refunding revenue bonds on Thursday, said a term sheet.
The bonds were sold through Morgan Keegan & Co. Inc. with Citigroup Global Markets Inc. and Morgan Stanley & Co. Inc. as the co-managers.
The bonds are due 2012 to 2023 with 2% to 5% coupons.
Proceeds will be used to refund the university's series 2001 revenue bonds, which were sold through the Mississippi Educational Building Corp., as well as make improvements to the university's main campus in Starkville, Miss., including the construction of a new residence hall.
Issuer: | Mississippi State University
|
Issue: | Series 2011 residence hall construction and refunding revenue bonds
|
Amount: | $55.365 million
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Type: | Negotiated
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Underwriters: | Morgan Keegan & Co. Inc. (lead), Citigroup Global Markets Inc. and Morgan Stanley & Co. Inc. (co-managers)
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Pricing date: | July 7
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Settlement date: | July 21
|
|
Maturity | Type | Coupon
|
2012 | Serial | 2%
|
2013 | Serial | 4%
|
2014 | Serial | 4%
|
2015 | Serial | 4%
|
2016 | Serial | 5%
|
2017 | Serial | 4%
|
2018 | Serial | 4%
|
2019 | Serial | 4%
|
2020 | Serial | 4%
|
2020 | Serial | 5%
|
2021 | Serial | 4%
|
2021 | Serial | 5%
|
2022 | Serial | 5%
|
2023 | Serial | 5%
|
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