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Published on 1/25/2013 in the Prospect News Municipals Daily.

New Issue: Connecticut Health remarkets $150 million of Yale University bonds at 0.875%

By Sheri Kasprzak

New York, Jan. 25 - The Connecticut Health and Educational Facilities Authority remarketed $150 million of series 2010A-3 revenue bonds for Yale University, according to a remarketing memorandum.

The bonds (Aaa/AAA/) are due 2049 and have a 0.875% coupon priced at par.

Barclays and J.P. Morgan Securities LLC were the remarketing agents.

The offering was remarketed to convert the issue to a term rate from an adjustable one.

Issuer:Connecticut Health and Educational Facilities Authority/Yale University
Issue:Series 2010A-3 revenue bonds
Amount:$150 million
Maturity:July 1, 2049
Coupon:0.875%
Price:100
Type:Negotiated
Remarketing agents:Barclays and J.P. Morgan Securities LLC
Ratings:Moody's: Aaa
Standard & Poor's: AAA
Pricing date:Jan. 23
Settlement date:Feb. 7

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