By Sheri Kasprzak
New York, Nov. 17 – The Curators of the University of Missouri sold $150 million of series 2014B taxable system facilities revenue bonds, according to a pricing sheet.
The bonds (Aa1/AA+/) were offered through lead manager BofA Merrill Lynch.
The bonds are due Nov. 1, 2054 and have a 4.237% coupon priced at par.
Proceeds will be used to acquire, construct, renovate, furnish and equip facilities for the university.
| Issuer: | University of Missouri
|
| Issue: | Series 2014B taxable system facilities revenue bonds
|
| Amount: | $150 million
|
| Maturity: | Nov. 1, 2054
|
| Coupon: | 4.237%
|
| Price: | 100
|
| Type: | Negotiated
|
| Lead manager: | BofA Merrill Lynch
|
| Co-manage: | Morgan Stanley & Co. LLC
|
| Ratings: | Moody’s: Aa1
|
| Standard & Poor’s: AA+
|
| Pricing date: | Oct. 28
|
| Settlement date: | Nov. 6
|
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