Northwestern University, Ill., to sell $150 million of taxable bonds

By Sheri Kasprzak

New York, March 19 - The Northwestern University of Illinois is set to price $150 million of series 2012 taxable fixed-rate bonds, according to a preliminary official statement.

The bonds (Aaa/AAA/AAA) will be sold on a negotiated basis with Bank of America Merrill Lynch as the senior manager and Barclays Capital Inc. and Loop Capital Markets LLC as the co-managers.

The bonds are due Dec. 1, 2047.

Proceeds will be used to finance capital projects at the university's Evanston and Chicago campuses.

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