By Sheri Kasprzak
New York, March 27 - Temple University of Pennsylvania priced $120 million of series 2012 university funding obligations, according to a pricing sheet.
The bonds (MIG 1) were sold competitively with PNC Capital Markets LLC winning the bid.
The bonds are due Dec. 12, 2012 and bear interest at 1.25% priced at 100.725.
Proceeds will be used to finance various capital projects and equipment purchases, as well as to refund the university's series 2011 notes.
| Issuer: | Temple University
|
| Issue: | Series 2012 university funding obligations
|
| Amount: | $120 million
|
| Maturity: | Dec. 12, 2012
|
| Coupon: | 1.25%
|
| Price: | 100.725
|
| Type: | Competitive
|
| Underwriters: | PNC Capital Markets LLC (winner)
|
| Ratings: | Moody's: MIG 1
|
| Pricing date: | March 27
|
| Settlement date: | April 3
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
