Virginia College Building Authority preps $65.58 million green bonds

By Sheri Kasprzak

New York, June 24 – The Virginia College Building Authority is set to price $65.58 million of series 2015B education facilities green revenue bonds for Marymount University, said a preliminary official statement.

The bonds (Ba1/BB+/) will be sold on a negotiated basis with Morgan Stanley & Co. LLC as the senior manager.

The bonds are due 2019 to 2025 with term bonds due in 2030, 2035 and 2045.

Proceeds will be used to acquire and construct the university’s academic building property.

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