By Sheri Kasprzak
New York, June 27 - The Rhode Island Health and Higher Educational Building Corp. sold $118.24 million of series 2012 higher education facilities revenue bonds for Brown University, according to a pricing sheet.
The bonds (Aa1/AA+/) were sold competitively. The issuer did not return calls for the winning bidder by press time Wednesday evening.
The bonds are due in 2021 and 2022 with 5% coupons.
Proceeds will be used to renovate existing Brown University facilities and to refund existing notes.
| Issuer: | Rhode Island Health and Higher Educational Building Corp./Brown University
|
| Issue: | Series 2012 higher education facilities revenue bonds
|
| Amount: | $118.24 million
|
| Type: | Competitive
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA+
|
| Pricing date: | June 27
|
| Settlement date: | July 19
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $57.64 million | 2021 | Serial | 5% | 126.121
|
| $60.6 million | 2022 | Serial | 5% | 127.246
|
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