College of New Jersey to sell $291.075 million in revenue refunding bonds

By Sheri Kasprzak

New York, April 17 - The New Jersey Educational Facilities Authority intends to price $291.075 million in series 2008D revenue refunding bonds for the College of New Jersey.

The bonds (Aaa/AAA/ ) will be sold on a negotiated basis with Morgan Stanley as the senior manager. The co-managers are Merrill Lynch, Wachovia Bank, Loop Capital Markets, RBC Capital Markets and Roosevelt & Cross.

The bonds are due in a serial structure from 2010 to 2019 with term bonds due 2023, 2029 and 2035.

Proceeds from the offering will be used to refund the authority's outstanding series 1999D and 2002D bonds.

The exact pricing date was not available by press time Thursday.

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