CollegeInvest of Colorado to sell $188.3 million revenue bonds Thursday

By Sheri Kasprzak

New York, May 30 - CollegeInvest of Colorado intend to sell $188.3 million in series 2008I-A education loan revenue bonds on Thursday, according to a preliminary official statement released Friday.

The sale will be made through the Department of Higher Education of the State of Colorado.

The bonds (/AA/A-1+/AA+/F-1+) will be sold on a negotiated basis with RBC Capital Markets as the senior manager.

The bonds, due Dec. 1, 2042, will initially bear interest at the weekly rate but may be converted to any other type of interest rate.

Proceeds will be used for future eligible loan acquisitions, the redemption of refunded bonds, a deposit to a revenue fund, a deposit to a capitalized interest account and a deposit to a debt service reserve fund.

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