East Carolina University, N.C., prepares $67.26 million revenue bonds

By Sheri Kasprzak

New York, June 16 – East Carolina University of North Carolina is expected to price $67.26 million of series 2015 general revenue bonds on June 23, according to a preliminary official statement.

The deal includes $61.54 million of series 2015A bonds and $5.72 million of series 2015B taxable bonds.

The bonds (Aa2/AA-/) will be sold on a competitive basis with First Tryon Advisors as the financial adviser.

The 2015A bonds are due 2015 to 2044, and the 2015B bonds are due 2015 to 2021.

Proceeds will be used to finance the construction of a new student services building at the health sciences campus in Greenville, as well as to refund the university’s series 2006A and 2009A revenue bonds.

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