Harvard College, Mass., arranges $402 million taxable bond offering

By Sheri Kasprzak

New York, April 26 - The President and Fellows of Harvard College, Mass., plans to price $402 million of series 2013A taxable bonds, said a preliminary official statement.

The bonds (Aaa/AAA/) will be sold on a negotiated basis with J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Goldman Sachs & Co. as the senior managers. The co-managers are BofA Merrill Lynch, Barclays, Citigroup Global Markets Inc., CIBC, HSBC Securities (USA) LLC and Wells Fargo Securities LLC.

The offering includes $50 million of bonds due 2023, $100 million of bonds due 2031 and $252 million of bonds due 2037.

Proceeds will be used to refund the college's series 2006A bonds.

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