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Article: Indiana's Purdue to Sell $50M of COPs: Tax-Exempt and BABs.(The Regions)
- Article from:
- The Bond Buyer
- Article date:
- August 20, 2009
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Byline: Caitlin Devitt
CHICAGO - Indiana's Purdue University plans to enter the market next week with roughly $50 million of certificates of participation divided into a tax-exempt tranche and a taxable series that will be issued under the Build America Bonds program.
Proceeds from the COPs will finance a renovation of a basketball stadium on the main West Lafayette campus at the school, which is a member of the Big Ten athletic conference.
The sale will be Purdue's third and final for the year, said financial adviser John S. Vincent, president of Chicago-based John S. Vincent & Co. After the transaction, the school will have issued roughly ...