East Carolina University coordinates $54.85 million revenue bond deal

By Sheri Kasprzak

New York, Jan. 21 - The East Carolina University is expected to come to market with $54.85 million of series 2014A general revenue bonds, according to a preliminary official statement.

The bonds (Aa2/AA-/) will be sold on a negotiated basis with Wells Fargo Securities LLC and Raymond James/Morgan Keegan as the senior managers.

The bonds are due 2016 to 2033 with term bonds due in 2038 and 2043.

Proceeds will be used to demolish a residence hall on campus in Greenville, N.C., and construct a new hall.

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