Southeast Missouri State University plans $56.64 million system facilities bonds

By Cristal Cody

Springdale, Ark., April 16 - Southeast Missouri State University intends to price $56.64 million of system facilities revenue bonds, according to a preliminary official statement.

The series 2008 bonds (-/AAA/-) are insured by Financial Security Assurance.

The bonds have serial maturities from 2009 through 2028 and term bonds due 2022 and 2038.

Edward Jones is the underwriter of the negotiated sale.

Proceeds will be used to refund the $8.655 million of series 1998A bonds and $10.605 million of series 1998B bonds and pay the costs for a student housing facility and other renovations at the university's Cape Girardeau, Mo., campus.

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