By Sheri Kasprzak
New York, Nov. 4 - Yale University in Connecticut priced $1 billion in 2.9% notes on Tuesday, according to an official statement released Wednesday.
The notes (Aaa/AAA/) were sold on a negotiated basis with Barclays Capital Inc., Goldman, Sachs & Co., and J.P. Morgan Securities Inc. as the joint bookrunners.
The notes, which are due Oct. 15, 2014, priced at 99.796.
Proceeds from the deal will be used to repay commercial paper, as well as to fund capital expenditures.
Yale University is located in New Haven, Conn.
| Issuer: | Yale University
|
| Issue: | Notes
|
| Amount: | $1 billion
|
| Maturity: | Oct. 15, 2014
|
| Coupon: | 2.9%
|
| Price: | 99.796
|
| Type: | Negotiated
|
| Underwriters: | Barclays Capital Inc., Goldman, Sachs & Co. and J.P. Morgan Securities Inc. (joint bookrunners)
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Pricing date: | Nov. 3
|
| Settlement date: | Nov. 10
|
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