University of Minnesota prepares to sell $123.17 million G.O. bonds

By Sheri Kasprzak

New York, March 22 – The University of Minnesota is expected to price $123,165,000 of series 2016A general obligation bonds, according to a preliminary official statement.

The bonds (Aa1/AA) will be sold on a negotiated basis with Barclays and Piper Jaffray & Co. as the senior managers.

The maturities have not been set.

Proceeds will be used to finance capital projects, including improvements to the combined heat and power system, renovations to the Tate Science and Teaching Building, research and laboratory improvements and the construction of a new planetarium.

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