By Cristal Cody
Eureka Springs, Ark., May 24 – Wesleyan University sold $250 million of 4.781% 100-year taxable bonds with a spread of 215 basis points over Treasuries, according to a market source on Tuesday.
The bonds due July 1, 2116 (Aa3) priced late on Monday.
Goldman Sachs & Co. was the bookrunner.
Proceeds will be used to refinance and legally defease the university’s outstanding series G bonds and to finance capital projects.
Wesleyan University is a private liberal arts college in Middleton, Conn.
| Issuer: | Wesleyan University
|
| Amount: | $250 million
|
| Maturity: | July 1, 2116
|
| Securities: | Taxable bonds
|
| Bookrunner: | Goldman Sachs & Co.
|
| Coupon: | 4.781%
|
| Spread: | Treasuries plus 215 bps
|
| Pricing date: | May 23
|
| Rating: | Moody’s: Aa3
|
© 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.
