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University of Virginia preps $170 million sale of general revenue pledge refunding bonds
By Sheri Kasprzak
New York, March 8 - The Rectors and Visitors of the University of Virginia plans to price $170 million of series 2013A general revenue pledge refunding bonds, according to a preliminary official statement.
The bonds (Aaa/AAA/AAA) will be sold on a negotiated basis with J.P. Morgan Securities LLC as the senior manager. The co-managers are Morgan Stanley & Co. LLC and Wells Fargo Securities LLC.
The maturities have not been set.
Proceeds will be used to refund the university's series 2003B and 2005 general revenue pledge bonds.
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