By Sheri Kasprzak
New York, May 11 - The Loyola University of Chicago sold $157.22 million of series 2012A taxable fixed-rate bonds, according to a pricing sheet.
The bonds (A2/A/) were sold through Morgan Stanley & Co. LLC and PNC Capital Markets LLC.
The offering included $57.22 million of bonds due July 1, 2022, and $100 million of bonds due July 1, 2042. The 2022 bonds have a 3.199% coupon priced at par and the 2042 bonds have a 4.626% coupon priced at par.
Proceeds will be used to construct and equip educational facilities for the university.
| Issuer: | Loyola University of Chicago
|
| Issue: | Series 2012A taxable fixed-rate bonds
|
| Amount: | $157.22 million
|
| Type: | Negotiated
|
| Underwriters: | Morgan Stanley & Co. LLC and PNC Capital Markets LLC (lead)
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A
|
| Pricing date: | May 9
|
| Settlement date: | May 16
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $57.22 million | July 1, 2022 | Term | 3.199% | 100
|
| $100 million | July 1, 2042 | Term | 4.626% | 100
|
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