Kansas Development Finance coordinates $135.45 million bond offering

By Sheri Kasprzak

New York, May 20 - The Kansas Development Finance Authority is set to price $135.45 million of series 2014D revenue bonds for Kansas State University on Wednesday, according to a preliminary official statement.

The offering includes $19,515,000 of series 2014D-1 Kansas State University College of Engineering project bonds and $115,935,000 of series 2014D-2 Kansas State University housing project bonds.

The bonds (Aa2/AA-/) will be sold competitively with Columbia Capital Management LLC as the financial adviser.

The 2014D-1 bonds are due 2015 to 2029. The 2014D-2 bonds are due 2015 to 2044.

Proceeds will be used to finance the construction and equipment of a new engineering department building, as well as to finance the construction and equipment of student housing at the university's Manhattan campus.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.