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University of Southern California preps $730 million taxable bonds
By Sheri Kasprzak
New York, Aug. 11 – The University of Southern California is set to price $730 million of series 2016 taxable bonds, according to a preliminary official statement.
The bonds (Aa1/AA) will be sold on a negotiated basis with Morgan Stanley & Co. LLC and Barclays as the senior managers. The co-managers are BofA Merrill Lynch and J.P. Morgan Securities LLC.
The bonds are due in 2039.
Proceeds will be used to refund the university’s series 2007A and 2009A-B revenue bonds.
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