By Sheri Kasprzak
New York, July 15 - The University of Missouri sold $75 million in tax-exempt revenue bonds - part of the university's planned $327 million sale of bonds - on Wednesday. The pricing terms of the remainder of the bonds were not available.
The series 2009B tax-exempt bonds (Aa2/AA/) are due 2010 to 2021 with yields from 0.75% to 3.62%.
J.P. Morgan Securities Inc. was the senior manager.
Proceeds will renovate several of the university system's campuses.
The remainder of the bonds are federally taxable Build America Bonds.
| Issuer: | University of Missouri
|
| Issue: | Series 2009B tax-exempt revenue bonds
|
| Amount: | $75 million
|
| Type: | Negotiated
|
| Underwriter: | J.P. Morgan Securities Inc. (lead)
|
| Maturities: | 2010 to 2021
|
| Yields: | 0.75% to 3.62%
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA
|
| Pricing date: | July 15
|
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