CHICAGO — The University of Missouri Board of Curators will enter the market next week with $60 million of refunding system facilities revenue bonds as itgrapples with a steeper-than-expected cut in state aid made by Gov. Jay Nixon earlier this month.
Bank of America Merrill Lynch is senior manager; Edward Jones and Stifel Nicolaus & Co. round out the underwriting team. Thompson Coburn LLP is bond counsel and Prager, Sealy & Co. LLC is financial adviser. The university will take retail orders on Tuesday and hold an institutional pricing on Wednesday, according to Prager.