Arizona State University to price $103.25 million bonds Oct. 27 week

By Cristal Cody

Tupelo, Miss., Oct. 15 - The Arizona Board of Regents at Arizona State University plans to price $103.25 million revenue bonds the week of Oct. 27, a market source said Wednesday.

The series 2008C bonds (Aa3/AA/) have serial maturities from 2010 through 2038.

Merrill Lynch & Co. will be the senior manager of the negotiated sale. Co-managers are Citigroup Global Markets, Morgan Stanley & Co., Goldman, Sachs & Co. and Wachovia Bank, NA.

The proceeds will be used to reimburse the university for the cost of the Polytechnic Academic Complex, which includes a science and technology building and two classroom and office buildings, and the renovation of a hazardous materials facility.

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