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New Jersey Institute of Technology arranges $117 million G.O. offering
By Sheri Kasprzak
New York, March 27 – The New Jersey Institute of Technology is slated to price $117 million of series 2015 general obligation bonds during the week of March 30, according to a preliminary official statement.
The bonds (A1/A/) will be sold on a negotiated basis with Morgan Stanley & Co. LLC as the senior manager with Wells Fargo Securities LLC as the co-manager.
The maturities have not been set.
Proceeds will be used to construct a wellness and events center and a science and technology park parking facility at the institute’s Newark campus.
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