By Sheri Kasprzak
New York, May 10 - The University of Chicago sold $205 million of series 2013B taxable bonds, upsized from $200 million, according to an official statement.
The bonds (Aa1/AA/AA+) were sold through senior managers Wells Fargo Securities LLC and BofA Merrill Lynch.
The bonds are due 2045 and have a 4.151% coupon priced at par.
Proceeds will be used to finance general university capital needs.
| Issuer: | University of Chicago
|
| Issue: | Series 2013B taxable bonds
|
| Amount: | $205 million
|
| Maturity: | Oct. 1, 2045
|
| Coupon: | 4.151%
|
| Price: | 100
|
| Type: | Negotiated
|
| Underwriters: | Wells Fargo Securities LLC and BofA Merrill Lynch (lead), PNC Capital Markets LLC, US Bancorp Investments Inc. and William Blair & Co. (co-managers)
|
| Rating: | Moody's: Aa1
|
| Standard & Poor's AA
|
| Fitch AA+
|
| Pricing date: | May 8
|
| Settlement date: | May 15
|
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