New Jersey Educational plans $159.98 million Princeton University deal

By Sheri Kasprzak

New York, April 13 – The New Jersey Educational Facilities Authority is set to price $159,975,000 of series 2015A revenue refunding bonds for Princeton University, according to a preliminary official statement.

The bonds (Aaa/AAA/) will be sold on a negotiated basis with Morgan Stanley & Co. LLC as the lead manager and BofA Merrill Lynch and J.P. Morgan Securities LLC as the co-managers.

The bonds are due 2016 to 2035.

Proceeds will be used to refund existing Princeton revenue bonds.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.