University of Notre Dame, Ind., to sell $100 million fixed-rate notes

By Sheri Kasprzak

New York, Dec. 19 - The University of Notre Dame in Indiana is expected to sell $100 million in series 2009 taxable fixed-rate notes in January, according to a preliminary official statement released Friday.

The notes (Aaa) will be sold on a negotiated basis with Merrill Lynch & Co. as the lead manager.

The maturity date for the notes has not been set.

Proceeds will be used for the day-to-day operating expenses of the university.

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