By Cristal Cody
Tupelo, Miss., Oct. 1 - Marquette University priced $50.56 adjustable demand revenue bonds with a 6% initial weekly interest rate, a source said Wednesday.
The $31.795 million series 2008B1 bonds and $18.765 million series 2008B2 bonds priced through the Wisconsin Health and Educational Facilities Authority.
The bonds (A2) are due in 2033.
Robert W. Baird & Co. managed the negotiated sale.
Proceeds will be used to refund a portion of the series 1998 revenue bonds and to finance construction of a new law school building and renovations of a residence hall.
| Issuer: | Marquette University/ Wisconsin Health and Educational Facilities Authority
|
| Issue: | Adjustable demand revenue bonds
|
| Amount: | $50.56 million
|
| Type: | Negotiated
|
| Initial rate: | 6%
|
| Resets: | Weekly
|
| Maturity: | 2033
|
| Underwriter: | Robert W. Baird & Co.
|
| Rating: | Moody's: A2
|
| Pricing date: | Sept. 30
|
| Settlement date: | Oct. 1
|
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