By Aaron Hochman-Zimmerman
New York, April 1 - The New Jersey Educational Facilities Authority priced $258.075 million series 2009B revenue refunding bonds on behalf of the University of Medicine and Dentistry of New Jersey, according to executive director Roger Anderson.
The bonds sold at a true interest cost of 7.47%.
The high yield was 7.8% at a maturity of 2032, while the low yield was 4.8% at a maturity of 2012.
Morgan Stanley & Co. Inc. and Citigroup Global Markets Inc. acted as lead underwriters for the negotiated issue.
The New Jersey Educational Facilities Authority is located in Princeton, N.J.
| Issuer: | New Jersey Educational Facilities Authority/University of Medicine and Dentistry of New Jersey
|
| Issue: | Series 2009B revenue refunding bonds
|
| Amount: | $258.075 million
|
| Maturities: | 2012 to 2032
|
| True interest cost: | 7.47%
|
| Yield range: | 4.8% to 7.8%
|
| Type: | Negotiated
|
| Underwriters: | Citigroup Global Markets Inc., Morgan Stanley & Co. Inc.
|
| Pricing date: | April 1
|
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