University of Missouri plans $265 million offering of revenue bonds

By Sheri Kasprzak

New York, Dec. 3 - The Curators of the University of Missouri System is set to price $265 million of series 2010A taxable system facilities revenue bonds, according to a preliminary official statement.

The bonds (Aa1/AA+/) will be sold on a negotiated basis with Bank of America Merrill Lynch and Morgan Stanley & Co. Inc. as the senior managers.

The maturity date has not been set.

Proceeds will be used to upgrade the university's power system, to renovate academic buildings and student housing, to update the university health system facilities and to make other campus improvements.

The university is based in Columbia, Mo.

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