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