By Sheri Kasprzak
New York, April 24 - Georgetown University of Washington, D.C., sold $100.82 million of series 2014 taxable fixed-rate bonds, according to an official statement. The offering was upsized from $100 million.
The bonds (A3/A-/) were sold through senior manager J.P. Morgan Securities LLC.
The bonds are due 2044 and bear interest at 5.061% priced at par.
Proceeds will be used to finance the expansion of the university's School of Continuing Studies; to purchase, install and equip student housing; and to install a new cooling tower, as well as to make other capital improvements at the university.
| Issuer: | Georgetown University
|
| Issue: | Series 2014 taxable fixed-rate bonds
|
| Amount: | $100.82 million
|
| Maturity: | April 1, 2044
|
| Coupon: | 5.061%
|
| Price: | 100
|
| Type: | Negotiated
|
| Underwriter: | J.P. Morgan Securities LLC
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: A-
|
| Pricing date: | April 23
|
| Settlement date: | April 29
|
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