By Sheri Kasprzak
New York, July 9 – The University of Pittsburgh sold $100 million of Pitt Asset Notes – Tax-Exempt Higher Education Registered Series of 2015, according to a pricing sheet.
The Panthers (MIG1/SP-1+) are due Aug. 2, 2016 and have a 2% coupon priced at 101.746 to yield 0.3%.
The notes were sold through Barclays.
Proceeds will be used to finance university capital expenditures and refund its series 2014 Panthers.
| Issuer: | University of Pittsburgh
|
| Issue: | Pitt Asset Notes – Tax-Exempt Higher Education Registered Series of 2015 (Panthers)
|
| Amount: | $100 million
|
| Maturity: | Aug. 2, 2016
|
| Coupon: | 2%
|
| Price: | 101.746
|
| Yield: | 0.3%
|
| Type: | Negotiated
|
| Underwriter: | Barclays
|
| Ratings: | Moody’s: MIG1
|
| Standard & Poor’s: SP-1+
|
| Pricing date: | July 7
|
| Settlement date: | July 21
|
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