Princeton University, N.J., to sell $206.4 million bonds Wednesday

By Cristal Cody

Tupelo, Miss., Oct. 27 - The New Jersey Educational Facilities Authority expects to price $206.4 million in revenue refunding bonds for Princeton University on Wednesday, a source said Monday.

The series 2008K bonds (Aaa/AAA/) also will be offered for retail sale on Tuesday.

The bonds have serial maturities from 2009 through 2023.

J.P. Morgan Securities Inc. is the senior manager of the negotiated sale. The co-managers are Banc of America Securities LLC, Merrill Lynch & Co. and Morgan Stanley & Co. Inc.

The proceeds will be used to refund and defease the series 2001B, 2002B and 2003F revenue bonds.

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