MSU board to consider $19M bond issuance

The Missouri State University Board of Governors tomorrow is scheduled to consider a multimillion-dollar bond proposal.

If the measure is approved during the executive committee meeting, MSU would declare its intent to sell $19 million worth of auxiliary enterprise system revenue bonds to Birmingham, Alabama-based Regions Capital Advantage Inc., according to the board agenda.

MSU would use the proceeds of the bonds for facility and other capital improvements, including an $11.1 million renovation of the Woods House, other residence hall expansions and renovations, and miscellaneous capital improvement to the “auxiliary enterprises facilities of the university.”

The agenda indicates MSU officials discussed Regions Capital Advantage’s offer with Hilltop Securities Inc. to determine whether a public bond issuance would be more effective.

MSU staff recommends the board approve the measure.