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University of Oklahoma to sell $59.47 million of general revenue bonds
By Sheri Kasprzak
New York, Jan. 14 - The Board of Regents of the University of Oklahoma plans to price $59.47 million of series 2013 general revenue bonds, according to a preliminary official statement.
The deal includes $10.48 million of series 2013A tax-exempt bonds and $48.99 million of series 2013B taxable bonds.
The bonds (/AA/AA-) will be sold on a negotiated basis. The senior manager for the 2013A bonds is BOSC Inc. The senior manager for the 2013B bonds is Barclays. BOSC is a co-manager for the 2013B bonds along with Citigroup Global Markets Inc. The co-manager for the 2013A bonds is Wells Nelson & Associates LLC.
The 2013A bonds are due 2015 to 2034 with term bonds due in 2038 and 2042. The 2013B bonds are due 2015 to 2028 with term bonds due in 2033 and 2042.
Proceeds will be used to construct, equip, furnish, design and expand student housing and research facilities at the university's Norman campus.
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