By Sheri Kasprzak
New York, July 29 – The Missouri Health and Educational Facilities Authority priced $150 million of series 2014A taxable educational facilities revenue bonds for Washington University, said a preliminary official statement.
The bonds (Aaa) were sold through J.P. Morgan Securities LLC and Wells Fargo Securities LLC.
The bonds are due Oct. 15, 2044 and have a 4.072% coupon priced at par.
Proceeds will be used to construct a student housing facility at the university’s Danforth campus and an ambulatory care center, as well as to expand health and educational facilities.
| Issuer: | Missouri Health and Educational Facilities Authority/Washington University
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| Issue: | Series 2014A taxable educational facilities revenue bonds
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| Amount: | $150 million
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| Maturity: | Oct. 15, 2044
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| Coupon: | 4.072%
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| Price: | 100
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| Type: | Negotiated
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| Underwriters: | J.P. Morgan Securities LLC and Wells Fargo Securities LLC (lead), Edward D. Jones & Co. LP and Morgan Stanley & Co. LLC (co-managers)
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| Rating: | Moody’s: Aaa
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| Pricing date: | July 29
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| Settlement date: | Aug. 12
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