By Sheri Kasprzak
New York, July 14 – The Connecticut Health and Educational Facilities Authority sold $250 million of series 2014A revenue bonds for Yale University, according to an official statement.
The bonds (Aaa/AAA/) were sold through Barclays and J.P. Morgan Securities LLC.
The bonds are due July 1, 2048 and have a 0.80% initial term rate priced at par. The initial term rate ends on July 25, 2017.
Proceeds will be used to construct, acquire, equip and furnish academic, residential, administrative, library and other facilities, as well as capital and security systems.
| Issuer: | Connecticut Health and Educational Facilities Authority/Yale University
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| Issue: | Series 2014A revenue bonds
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| Amount: | $250 million
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| Maturity: | July 1, 2048
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| Coupon: | 0.80% (initial term rate)
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| Price: | 100
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| Type: | Negotiated
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| Underwriters: | Barclays and J.P. Morgan Securities LLC (lead)
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| Ratings: | Moody’s: Aaa
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| Standard & Poor’s: AAA
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| Pricing date: | July 9
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| Settlement date: | July 23
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