By Sheri Kasprzak
New York, March 4 – Princeton University, N.J., priced $100 million of series 2016A taxable bonds on Thursday, according to a pricing sheet.
The bonds are due in tranches due 2021, 2026 and 2046. The 2021 bonds have a 1.845% coupon, the 2026 bonds a 2.612% coupon and the 2046 bonds a 3.627% coupon, all priced at par.
The bonds (Aaa/AAA) were sold through senior manager Goldman Sachs & Co.
Proceeds will be used for general corporate purposes, including financing and refinance capital projects.
| Issuer: | Princeton University
|
| Issue: | Series 2016A taxable bonds
|
| Amount: | $100 million
|
| Type: | Negotiated
|
| Underwriter: | Goldman Sachs & Co.
|
| Ratings: | Moody’s: Aaa
|
| Standard & Poor’s: AAA
|
| Pricing date: | March 3
|
| Settlement date: | March 8
|
|
|
| Bonds due 2021
|
| Amount: | $25 million
|
| Maturity: | 2021
|
| Coupon: | 1.845%
|
| Price: | Par
|
| Yield: | 1.845%
|
|
|
| Bonds due 2026
|
| Amount: | $25 million
|
| Maturity: | 2026
|
| Coupon: | 2.612%
|
| Price: | Par
|
| Yield: | 2.612%
|
|
|
| Bonds due 2046
|
| Amount: | $50 million
|
| Maturity: | 2046
|
| Coupon: | 3.627%
|
| Price: | Par
|
| Yield: | 3.627%
|
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