East Carolina University readies $140.1 million general revenue bonds

By Sheri Kasprzak

New York, Jan. 5 – The Board of Governors of the University of North Carolina is scheduled to price $140,105,000 of series 2016 general revenue bonds for East Carolina University on Jan. 12, according to a preliminary official statement.

The deal includes $136.55 million of series 2016A bonds and $3,555,000 of series 2016B taxable bonds.

The bonds (Aa2/AA-) will be sold competitively with First Tryon Securities as the financial adviser.

The 2016A bonds are due 2017 to 2045. The 2016B bonds are due 2017 to 2018.

Proceeds will be used to construct and equip a student union building and renovate three residence halls.

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