Coastal Carolina University, S.C., preps $50.95 million sale of revenue bonds for Feb. 5

By Sheri Kasprzak

New York, Jan. 28 - The Coastal Carolina University of South Carolina plans to sell $50.95 million of series 2013 higher education revenue bonds on Feb. 5, according to a preliminary official statement.

The bonds (A1//A+) will be sold competitively with Stephens Inc. as the financial adviser.

The bonds are due 2016 to 2040.

Proceeds will be used to finance the acquisition of real property for the construction of student housing.

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