University of Vermont plans $168.68 million general obligation bonds

By Sheri Kasprzak

New York, June 22 – The University of Vermont and State Agricultural College is set to price $168,675,000 of series 2015 general obligation bonds during the week of June 22, according to a preliminary official statement.

The bonds (Aa3/A+/) will be sold on a negotiated basis with Citigroup Global Markets Inc. and BofA Merrill Lynch as the senior managers.

The bonds are due 2018 to 2035 with term bonds due in 2040 and 2045.

Proceeds will be used to construct a new science, engineering, technology and mathematics complex, as well as to refund the university’s series 2005 and 2007 G.O. bonds.

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