New Issue: George Washington University, D.C., sells $300 million of taxable bonds

By Sheri Kasprzak

New York, Aug. 1 – George Washington University of D.C. sold $300 million of series 2014 taxable bonds, according to an official statement.

The bonds (A1/A+/) were sold through Barclays, J.P. Morgan Securities LLC and Loop Capital Markets LLC.

The bonds are due Sept. 15, 2044 and have a 4.3% coupon priced at par.

Proceeds will be used for general corporate purposes, including capital improvements.

Issuer:	George Washington University
Issue:	Series 2014 taxable bonds
Amount:	$300 million
Maturity:	Sept. 15, 2044
Coupon:	4.3%
Price:	100
Type:	Negotiated
Underwriters:	Barclays, J.P. Morgan Securities LLC and Loop Capital Markets LLC (lead)
Ratings:	Moody’s: A1
	Standard & Poor’s: A+
Pricing date:	July 29
Settlement date:	Aug. 7

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