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Published on 1/16/2015 in the Prospect News Investment Grade Daily and Prospect News Municipals Daily.

New Issue: University of Notre Dame, Ind., sells $400 million 3.438% 30-year taxable bonds at par

By Sheri Kasprzak

New York, Jan. 16 – The University of Notre Dame du Lac of Indiana sold $400 million of series 2015 30-year taxable bonds, according to a pricing sheet.

The bonds (Aaa) were sold through Wells Fargo Securities LLC and Goldman Sachs & Co.

The bonds are due Feb. 15, 2045 and have a 3.438% coupon priced at par.

Proceeds will be used to finance and reimburse the university for capital and operating costs

Issuer:University of Notre Dame du Lac
Issue:Series 2015 taxable bonds
Amount:$400 million
Maturity:Feb. 15, 2045
Lead managers:Wells Fargo Securities LLC, Goldman Sachs & Co.
Co-manager:BofA Merrill Lynch
Coupon:3.438%
Price:Par
Type:Negotiated
Pricing date:Jan. 13
Settlement date:Jan. 21
Rating:Moody’s: Aaa

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