Connecticut Health to sell $85 million bonds for Fairfield University

By Sheri Kasprzak

New York, Feb. 26 - The Connecticut Health and Educational Facilities Authority is expected to price $85 million in series 2010 revenue bonds for Fairfield University, according to a preliminary official statement.

The offering includes $73 million in series 2010O new money bonds and $12 million in series 2010P refunding bonds.

The bonds (A3/A-/) will be sold on a negotiated basis with J.P. Morgan Securities Inc. as the senior manager. The co-managers are Janney Montgomery Scott LLC and Stifel, Nicolaus & Co. Inc.

The maturities have not been set.

Proceeds will be used to refund the university's existing series H bonds and to make a deposit to a debt service reserve fund.

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