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University of Chicago to price $300 million fixed-rate bonds Tuesday
By Sheri Kasprzak
New York, May 10 - The University of Chicago is expected to price $300 million in series 2010 taxable fixed-rate bonds on Tuesday, according to a sales calendar.
The bonds (Aa1//AA+) will be sold through Bank of America Merrill Lynch. The co-managers are Morgan Stanley & Co. Inc. and Wells Fargo Securities LLC.
The bonds are due 2022 to 2024 and 2026 with term bonds due 2030.
Proceeds will be used to finance, refinance or reimburse the university for capital expenditures.
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