Regents approve $190 million bond sale

BY DI STAFF | SEPTEMBER 13, 2012 6:30 AM

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The state Board of Regents approved the sale of a $190 million bond to JP Morgan at Wednesday’s meeting.

There were seven bids for the bonds, and many of the regents said it was especially gratifying considering it was the largest revenue bond in many years.

The sale will provide construction, improvement, remodeling, repairing, furnishing, and equipping a new Children’s Hospital for the University of Iowa, funding a debt service reserve fund, and paying the cost of issuing said bonds, according to an agenda item.

— by Stacey Murray

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