Southwest Higher Education, Texas, plans $92.38 million sale of Southern Methodist bonds

By Sheri Kasprzak

New York, March 18 - The Southwest Higher Education Authority of Texas is set to price $92,375,000 of series 2013A tax-exempt higher education revenue bonds for Southern Methodist University, according to a preliminary official statement. The pricing is expected during the week of March 18.

The bonds (Aa3/AA-/) will be sold through BofA Merrill Lynch with BOSC Inc., J.P. Morgan Securities LLC, Stephens Inc. and Raymond James/Morgan Keegan.

The bonds are due 2014 to 2033 with term bonds due in 2038 and 2042.

Proceeds will be used to finance and refinance the construction of educational facilities.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.