University System of New Hampshire to reoffer $84.4 million revenue bonds in late March

By Cristal Cody

Springdale, Ark., Feb. 25 - New Hampshire Health and Educational Facilities Authority expects to remarket $84.4 million of revenue bonds in two sales on March 26 and March 28.

The University System of New Hampshire plans to remarket $24.35 million series 2006A bonds and $60.05 million series 2006B-1 bonds. The bonds have maturities from 2009 through 2036.

The bonds (Aaa/AAA/-) are insured by Ambac Assurance Corp. and will be remarketed without coupons, according to the preliminary official statement released Friday.

Series 2006A bonds will be remarketed on March 26 for a term rate period through March 25, 2009. Series 2006B-1 bonds will be reoffered on March 28 for a term rate period through March 27, 2009.

Lehman Brothers is the remarketing agent for the 2006A bonds, and JPMorgan is the remarketing agent for the series 2006B-1 bonds.

The bonds were originally issued for university capital improvements.

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