Connecticut Health and Educational Facilities to sell $540 million bonds for Yale University

By Sheri Kasprzak

New York, Feb. 5 - The Connecticut Health and Educational Facilities Authority is expected to sell $540 million in series 2010A revenue bonds for Yale University, according to a preliminary official statement.

The sale is scheduled for Wednesday, according to an offering calendar.

The bonds (Aaa/AAA/) will be sold on a negotiated basis with Barclays Capital Inc. and J.P. Morgan Securities Inc. as the lead managers. The co-managers are Bank of America Merrill Lynch; Citigroup Global Markets Inc.; Piper Jaffray & Co.; RBC Capital Markets Corp.; Siebert Brandford Shank & Co. LLC; and Wachovia Bank, NA.

The maturities have not been set.

Proceeds will be used to construct, renovate, equip and repair of a number of buildings on the Yale campus in New Haven, Conn.

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