By Sheri Kasprzak
New York, April 28 - The Board of Regents of the University of Arizona priced $215.455 million in series 2009A revenue bonds (Aa3/AA/) on Tuesday, said Paul Allvin, spokesman for the university.
The bonds were priced with an average rate of 4.62%, Allvin said. The bonds are due 2012 to 2029 with term bonds due 2034 and 2039.
A pricing sheet was not immediately available Tuesday.
Citigroup Global Markets Inc. was the senior manager. The co-managers included J.P. Morgan Securities Inc.; Prager, Sealy & Co.; Stone & Youngberg; and Wedbush Morgan Securities Inc.
Proceeds will be used to construct new residence halls and renovate existing halls.
| Issuer: | Board of Regents of the University of Arizona
|
| Issue: | Series 2009A revenue bonds
|
| Amount: | $215.455 million
|
| Type: | Negotiated
|
| Maturities: | 2012 to 2029 with term bonds due 2034 and 2039
|
| Average rate: | 4.62%
|
| Underwriters: | Citigroup Global Markets Inc. (lead); J.P. Morgan Securities Inc.; Prager, Sealy & Co.; Stone & Youngberg; and Wedbush Morgan Securities Inc. (co-managers)
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA
|
| Pricing date: | April 28
|
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