Missouri Health offers $150 million bonds for Washington University

By Sheri Kasprzak

New York, July 25 – The Missouri Health and Educational Facilities Authority is set to price $150 million of series 2014 educational facilities revenue bonds for Washington University on Tuesday, according to a preliminary official statement.

The bonds (Aaa) will be sold on a negotiated basis with J.P. Morgan Securities LLC and Wells Fargo Securities LLC as the senior managers. The co-managers are Edward D. Jones & Co. LP and Morgan Stanley & Co. LLC.

The maturities have not been set.

Proceeds will be used to construct a student housing facility at the university’s Danforth campus, construct an ambulatory care center, as well as expand health and educational facilities.

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