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University of North Carolina organizes $265.82 million bond offering
By Sheri Kasprzak
New York, Sept. 22 – The University of North Carolina at Chapel Hill is expected to come to market with $265,815,000 of series 2014 taxable general revenue refunding bonds, according to a preliminary official statement.
The bonds (Aaa/AAA/AAA) will be sold on a negotiated basis with Wells Fargo Securities LLC and J.P. Morgan Securities LLC as the senior managers.
The bonds are due 2016 to 2020 with a term bond due in 2034.
Proceeds will be used to refund certain maturities of the university’s series 2005A general revenue bonds.
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