By Sheri Kasprzak
New York, Aug. 22 - Boston University came to market with $100.47 million of series W taxable revenue bonds, according to an official statement.
The bonds (A2/A) were sold through senior managers J.P. Morgan Securities LLC and Barclays Capital Inc.
The bonds are due Oct. 1, 2045 and have a 5.2% coupon priced at 99.533.
Proceeds will be used to refinance the university's series N variable-rate bonds, which were issued to finance capital improvements.
| Issuer: | Boston University
|
| Issue: | Series W taxable revenue bonds
|
| Amount: | $100.47 million
|
| Maturity: | Oct. 1, 2045
|
| Coupon: | 5.2%
|
| Price: | 99.533
|
| Type: | Negotiated
|
| Underwriters: | J.P. Morgan Securities LLC and Barclays Capital Inc.
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A
|
| Pricing date: | Aug. 17
|
| Settlement date: | Aug. 24
|
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