15450 So. Outer Forty Rd.
Suite 230
Chesterfield, MO 63017
(636) 519-0700
(636) 519-0792 Fax
info@mohefa.org
MHEFA
Association
Memberships
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PHASE IV: SALE
- A. Award of Bonds
After the initial marketing period (typically 12-24 hours), the institution, the Authority, the underwriters, and the financial advisor consult and agree upon the final terms of the bond issue. At this time, the Authority, in agreement with the institution, will execute the purchase contract with the managing underwriter.
- B. Bond Closing
- Ten to fourteen days after the marketing of the bond issue (earlier if the bonds are issued in a variable interest mode) the bond issue is closed. At closing, bonds are delivered to the underwriters and payment is received by the trustee. All documents are finalized and signed. At this point, the institution has direct access to the funds and the financing is completed.
Missouri Health and Educational Facilities Authority
15450 South Outer Forty Rd., Suite 230, Chesterfield, MO 63017
(636) 519-0700 (636) 519-0792 Fax
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