By Aleesia Forni
Virginia Beach, April 3 - Yale University priced $250 million of 2.086% five-year taxable bonds with a spread of Treasuries plus 30 basis points, according to a market source.
The notes (Aaa/AAA/) priced at par.
Pricing was tighter than talk, which was set at Treasuries plus 35 bps.
Barclays and Goldman Sachs & Co. were the joint bookrunners.
| Issuer: | Yale University
|
| Amount: | $250 million
|
| Description: | Taxable bonds
|
| Maturity: | April 15, 2019
|
| Bookrunners: | Barclays, Goldman Sachs & Co.
|
| Coupon: | 2.086%
|
| Price: | Par
|
| Yield: | 2.086%
|
| Spread: | Treasuries plus 30 bps
|
| Price talk: | Treasuries plus 35 bps
|
| Trade date: | April 3
|
| Settlement date: | April 10
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Distribution: | SEC registered
|
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