New Jersey Institute of Technology to price $69.95 million of G.O.s

By Sheri Kasprzak

New York, March 9 - The New Jersey Institute of Technology is expected to sell $69,945,000 of series 2012A general obligation bonds, according to a preliminary official statement.

The bonds (A+) will be sold on a negotiated basis with Morgan Stanley & Co. LLC as the senior manager. The co-managers are Citigroup Global Markets Inc. and Prager, Sealy & Co. LLC.

The bonds are due 2019 to 2027 with term bonds due in 2032 and 2042.

Proceeds will be used to finance various capital projects, including the construction of the Newark, N.J., university's Greek Village and Dorman Honors College Residential Facility.

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