By Sheri Kasprzak
New York, March 22 - Northwestern University of Illinois sold $200 million of series 2012 taxable fixed-rate bonds, according to an official statement. The offering was upsized from $150 million.
The bonds (Aaa/AAA/AAA) were sold through Bank of America Merrill Lynch with Barclays Capital Inc. and Loop Capital Markets LLC as the co-managers.
The bonds are due Dec. 1, 2047 and bear interest at 4.198% priced at par.
Proceeds will be used to finance capital projects at the university's Evanston and Chicago campuses.
| Issuer: | Northwestern University
|
| Issue: | Series 2012 taxable fixed-rate bonds
|
| Amount: | $200 million
|
| Maturity: | Dec. 1, 2047
|
| Coupon: | 4.198%
|
| Price: | 100
|
| Type: | Negotiated
|
| Underwriters: | Bank of America Merrill Lynch (lead), Barclays Capital Inc. and Loop Capital Markets LLC (co-managers)
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
| Pricing date: | March 21
|
| Settlement date: | March 28
|
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