University of North Carolina at Chapel Hill offers $401 million bonds

By Sheri Kasprzak

New York, Feb. 17 – The University of North Carolina at Chapel Hill is expected to price $401,025,000 of series 2016C taxable general revenue refunding bonds, according to a preliminary official statement.

The bonds (Aaa/AAA/AAA) will be sold on a negotiated basis with BofA Merrill Lynch and Wells Fargo Securities LLC. The co-manager is J.P. Morgan Securities LLC.

The bonds are due 2016 to 2028 with a term bond due 2036.

Proceeds will be used to refund the university’s series 2005A revenue refunding bonds and 2007 revenue bonds.

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