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Harvard University to sell $336.28 million in revenue bonds June 3
By Sheri Kasprzak
New York, May 27 - Harvard University plans to price $336.28 million in series 2008 revenue bonds around June 3, said a sellside source connected to the deal Tuesday.
"They're set to price next Tuesday [June 3]," the source said. "We believe there will be a retail order period that Monday, but we're not sure yet."
The bonds (Aaa) will be sold on a negotiated basis with JPMorgan as the senior manager.
The bonds will be sold through the Massachusetts Health & Educational Facilities Authority.
The sale includes $220.6 million in series 2008B bonds and $115.68 million in series 2008C bonds. The series 2008B bonds are 10-year bonds, and the series 2008C bonds are 30-year bonds.
Proceeds from the deal will be used to finance capital projects that had previously been financed with commercial paper.
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