TITLE

University of New Hampshire to Sell $65M of Debt

AUTHOR(S)
O'Brien, Elizabeth
PUB. DATE
January 2005
SOURCE
Bond Buyer;1/6/2005, Vol. 351 Issue 32044, p28
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that though the University System of New Hampshire has delayed a $200 million refunding bond sale tentatively planned for this month, it will proceed with an auction-rate sale of $65 million of bonds later in January. University officials want the refunding to achieve present value savings of between 3% and 5% and believed current market conditions looked unfavorable for such a goal, said associate vice chancellor for finance Ken Cody. Bonds proceeds will be used to build student housing. The university wants to increase the percentage of undergraduates living on its three residential campuses to 60% from about 55%, Cody said.
ACCESSION #
15635387

 

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