By Sheri Kasprzak
New York, Oct. 27 - The Health and Educational Facilities Authority of the State of Missouri sold $93.285 million in series 2009A educational facilities revenue bonds for Washington University on Tuesday, said a sellside source familiar with the deal.
The bonds are due 2039 and priced with a 5% coupon to yield 4.25%.
J.P. Morgan Securities Inc. and Morgan Stanley & Co. Inc. were the senior managers. The co-managers included Merrill Lynch & Co. and Wells Fargo Securities Inc.
Proceeds will be used to fund the construction of a new engineering building at the university's Danforth campus, the construction of additional student housing and a portion of the costs of the BJC Institute of Health at the School of Medicine.
Washington University is based in St.Louis.
| Issuer: | Health and Educational Facilities Authority of the State of Missouri/Washington University
|
| Issue: | Series 2009A educational facilities revenue bonds
|
| Amount: | $93.285 million
|
| Maturity: | 2039
|
| Coupon: | 5%
|
| Yield: | 4.25%
|
| Type: | Negotiated
|
| Underwriters: | J.P. Morgan Securities Inc. and Morgan Stanley & Co. Inc. (lead), Merrill Lynch & Co. and Wells Fargo Securities Inc.
|
| Pricing date: | Oct. 27
|
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