By Cristal Cody
Springdale, Ark., March 26 - University Student Housing LLC priced $100.34 million of student housing revenue bonds with a 2.2% initial weekly interest rate, a sellside source said Wednesday.
The variable-rate bonds (Aa2) priced Monday through the Chester County Industrial Development Authority for the student housing project at West Chester University of Pennsylvania.
Morgan Keegan & Co. managed the negotiated sale.
Proceeds will be used to build residence halls on the college campus.
| Issuer: | University Student Housing LLC/ Chester County Industrial Development Authority
|
| Issue: | Student housing revenue bonds
|
| Amount: | $100.34 million
|
| Type: | Negotiated
|
| Initial rate: | 2.2%
|
| Set: | Weekly
|
| Underwriter: | Morgan Keegan & Co.
|
| Rating: | Moody's: Aa2
|
| Pricing date: | March 24
|
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