Published on 6/25/2012 in the Prospect News Municipals Daily.
New Issue: George Washington University, D.C., brings $168 million taxable bonds
By Sheri Kasprzak
New York, June 25 - The George Washington University of the District of Columbia priced $168 million of series 2012A taxable bonds, according to a pricing sheet.
The bonds (A1/A+/) were sold through Barclays Capital Inc., J.P. Morgan Securities LLC and Loop Capital Markets LLC.
The bonds are due Sept. 15, 2017, and have a 1.827% coupon priced at par.
Proceeds will be used to refund the university's series 1999B-C taxable bonds.
Issuer: | George Washington University
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Issue: | Series 2012A taxable bonds
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Amount: | $168 million
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Maturity: | Sept. 15, 2017
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Coupon: | 1.827%
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Price: | 100
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Type: | Negotiated
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Underwriters: | Barclays Capital Inc., J.P. Morgan Securities LLC and Loop Capital Markets LLC (lead)
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Ratings: | Moody's: A1
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| Standard & Poor's: A+
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Pricing date: | June 20
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Settlement date: | July 2
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