By Cristal Cody
Springdale, Ark., May 15 - St. Anselm College in New Hampshire priced $62.215 million revenue bonds with an initial daily variable rate of 0.82% on Thursday, a sellside source told Prospect News.
The series 2008 bonds (Aaa//) priced through the New Hampshire Health and Education Facilities Authority. The bonds are due June 1, 2038.
Piper Jaffray managed the negotiated sale.
Proceeds will be used to refund the college's outstanding series 1998, series 1999 and series 2004 bonds and to fund the construction of a residence hall and renovation of existing facilities.
| Issuer: | St. Anselm College/New Hampshire Health and Education Facilities Authority
|
| Issue: | Revenue bonds
|
| Amount: | $62.215 million
|
| Type: | Negotiated
|
| Initial rate: | 0.82%
|
| Set: | Daily
|
| Maturity: | 2038
|
| Underwriter: | Piper Jaffray
|
| Ratings: | Moody's: Aaa
|
| Pricing date: | May 15
|
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