Creighton University, Neb., to sell $105 million adjustable-rate bonds

By Cristal Cody

Springdale, Ark., July 22 - Creighton University in Nebraska expects to price $105 million adjustable-rate revenue and refunding bonds on July 30, a sellside source said Tuesday.

The series 2008 bonds (A2) will price with an initial daily interest rate through the Nebraska Educational Finance Authority.

J.P. Morgan Securities Inc. will manage the negotiated sale.

Proceeds will be used to refund the university's series 2003 and 2005C insured variable-rate bonds and series 2005 auction-rate bonds.

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