By Sheri Kasprzak
New York, June 23 – The Connecticut Health and Higher Educational Facilities Authority sold $300 million of series 2015A revenue bonds for Yale University, according to a pricing sheet. The offering was upsized from $200 million.
The bonds (Aaa/AAA/) were sold through senior managers Barclays and J.P. Morgan Securities LLC.
The bonds are due July 1, 2035 and have a 1.375% coupon priced at par.
Proceeds will be used to refund the authority’s series Y-1, Y-2 and Y-3 revenue bonds issued for Yale.
| Issuer: | Connecticut Heath and Higher Educational Facilities Authority/Yale University
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| Issue: | Series 2015A revenue bonds
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| Amount: | $300 million
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| Maturity: | July 1, 2035
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| Coupon: | 1.375%
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| Price: | Par
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| Type: | Negotiated
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| Underwriters: | Barclays and J.P. Morgan Securities LLC
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| Ratings: | Moody’s: Aaa
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| Standard & Poor’s: AAA
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| Pricing date: | June 23
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| Settlement date: | July 1
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