Connecticut Health organizes $250 million Yale revenue bond offering

By Sheri Kasprzak

New York, July 2 -- The Connecticut Health and Educational Facilities Authority is expected to price $250 million of series 2014A revenue bonds for Yale University, according to a preliminary official statement.

The bonds (Aaa/AAA/) will be sold on a negotiated basis with Barclays and J.P. Morgan Securities LLC as the senior managers.

The maturities have not been set.

Proceeds will be used to construct, acquire, equip and furnish academic, residential, administrative, library and other facilities, as well as capital and security systems.

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