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Auburn University, Ala., eyes $196.9 million general fee revenue bonds
By Sheri Kasprzak
New York, Aug. 2 – Auburn University of Alabama is expected to price $196.88 million of series 2016A general fee revenue refunding bonds, according to a preliminary official statement.
The bonds (Aa2/AA-) will be sold on a negotiated basis with Stifel, Nicolaus & Co. LLC as the senior manager.
The bonds are due 2017 to 2036 with term bonds due in 2038 and 2041.
Proceeds will be used to refund the university’s series 2006A, 2007A, 2008 and 2011A general fee revenue bonds.
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