Stanford University, Calif., preps $140 million sale of taxable bonds

By Sheri Kasprzak

New York, March 30 - Stanford University of California is set to price $140 million of series 2012 taxable bonds, according to a preliminary official statement.

The bonds (Aaa/AAA/AAA) will be sold on a negotiated basis with Goldman, Sachs & Co. and Morgan Stanley & Co. as the senior managers. The co-managers are Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Prager & Co. LLC.

The bonds are due May 1, 2042.

Proceeds will be used to refinance commercial paper and other debt that refinanced capital projects for the university.

© 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.