Washington University, Mo., to price $93.29 million in revenue bonds

By Sheri Kasprzak

New York, Oct. 26 - The Health and Educational Facilities Authority of the State of Missouri is set to sell $93.285 million in series 2009A educational facilities revenue bonds for the Washington University, according to a preliminary official statement.

The bonds will be sold on a negotiated basis with J.P. Morgan Securities Inc. and Morgan Stanley & Co. Inc. as the senior managers. The co-managers are Merrill Lynch & Co. and Wells Fargo Securities Inc.

The bonds are due in 2039.

Proceeds will be used to fund the construction of a new engineering building at the university's Danforth campus, the construction of additional student housing and a portion of the costs of the BJC Institute of Health at the School of Medicine.

Washington University is based in St. Louis.

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