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Published on 4/24/2015 in the Prospect News Investment Grade Daily and Prospect News Municipals Daily.

New Issue: Washington University, Mo., sells $131.44 million 3.79% taxable bonds due 2055 at par

By Sheri Kasprzak

New York, April 24 – The Washington University of Missouri sold $131,435,000 of series 2015A taxable bonds, according to a pricing sheet.

The bonds (Aaa/AAA/) were sold through Morgan Stanley & Co. LLC.

The bonds are due Oct. 15, 2055 and have a 3.79% coupon priced at par.

Proceeds will be used to refund the university’s series 2004A-B bonds and defease its series 2001A bonds.

Issuer:Washington University
Issue:Series 2015 taxable bonds
Amount:$131,435,000
Maturity:Oct. 15, 2055
Coupon:3.79%
Price:100
Type:Negotiated
Underwriters:Morgan Stanley & Co. LLC (lead), J.P. Morgan Securities LLC and Wells Fargo Securities LLC
Ratings:Moody’s: Aaa
Standard & Poor’s: AAA
Pricing date:April 22
Settlement date:April 29

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