University of Massachusetts Building Authority to sell $157.96 million revenue bonds Tuesday

By Sheri Kasprzak

New York, May 9 - The University of Massachusetts Building Authority is expected to price $157,955,000 of series 2014-4 taxable refunding revenue bonds on Tuesday, according to a preliminary official statement.

The bonds (Aa2/AA-/AA) will be sold on a negotiated basis with Ramirez & Co. Inc. and Wells Fargo Securities LLC as the senior managers.

The co-managers are BofA Merrill Lynch, Barclays, Cabrera Capital Markets LLC, Citigroup Global Markets Inc., Drexel Hamilton LLC, Fidelity Capital Markets Inc., J.P. Morgan Securities LLC, Janney Montgomery Scott LLC, Jefferies & Co., Lebenthal & Co. LLC, Loop Capital Markets LLC, Morgan Stanley & Co. LLC, Piper Jaffray & Co., Raymond James/Morgan Keegan and Roosevelt & Cross Inc.

The maturities have not been set.

Proceeds will be used to refund the authority's series 2005-2 senior refunding revenue bonds.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.