Ana G. Mendez University, Puerto Rico, arranges $78 million bond sale

By Sheri Kasprzak

New York, June 11 - The Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities Authority is set to price $78 million of series 2012 higher education revenue and revenue refunding bonds for the Ana G. Mendez University, according to a preliminary official statement.

The bonds (/BBB-/) will be sold on a negotiated basis with Barclays Capital Inc. as the underwriter.

The maturity dates have not been set.

Proceeds will be used to construct, acquire, equip and renovate university facilities, as well as to repay a loan and refund the university's series 1998 and 1999 revenue bonds.

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