University of Delaware preps $204.03 million series 2013 revenue bonds

By Sheri Kasprzak

New York, March 14 - The University of Delaware is set to price $204,025,000 of series 2013 revenue bonds, according to a preliminary official statement.

The deal includes $122,995,000 of series 2013A bonds, $29.76 million of series 2013B taxable bonds and $51.27 million of series 2013C variable-rate revenue bonds.

The bonds (Aa1/AA+/) will be sold on a negotiated basis with Morgan Stanley & Co. LLC as the underwriter.

The maturities have not been set.

Proceeds will be used to construct, acquire, equip and rehabilitate university facilities, as well as to refund the university's series 2004B, 2005, 2009B and 2010A-B revenue bonds.

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