By Sheri Kasprzak
New York, May 10 - The University of Chicago sold $205 million of series 2013B taxable bonds, upsized from $200 million, according to an official statement.
The bonds (Aa1/AA/AA+) were sold through senior managers Wells Fargo Securities LLC and BofA Merrill Lynch.
The bonds are due 2045 and have a 4.151% coupon priced at par.
Proceeds will be used to finance general university capital needs.
Issuer: | University of Chicago
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Issue: | Series 2013B taxable bonds
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Amount: | $205 million
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Maturity: | Oct. 1, 2045
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Coupon: | 4.151%
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Price: | 100
|
Type: | Negotiated
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Underwriters: | Wells Fargo Securities LLC and BofA Merrill Lynch (lead), PNC Capital Markets LLC, US Bancorp Investments Inc. and William Blair & Co. (co-managers)
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Rating: | Moody's: Aa1
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| Standard & Poor's AA
|
| Fitch AA+
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Pricing date: | May 8
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Settlement date: | May 15
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