By Sheri Kasprzak
New York, Aug. 17 - Brown University in Rhode Island sold $100 million in series 2009 taxable bonds on Wednesday, according to an official statement released Monday.
The bonds (Aa1/AA+/) were sold through lead managers Merrill Lynch & Co. Inc. and Goldman, Sachs & Co.
The bonds are due Sept. 1, 2019, and priced with a 4.57% coupon at 99.998.
Proceeds will be used to fund general capital expenditures.
Brown University is based in Providence, R.I.
| Issuer: | Brown University
|
| Issue: | Series 2009 taxable bonds
|
| Amount: | $100 million
|
| Maturity: | Sept. 1, 2019
|
| Coupon: | 4.57%
|
| Price: | 99.998
|
| Type: | Negotiated
|
| Underwriters: | Merrill Lynch & Co. Inc. and Goldman, Sachs & Co.
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA+
|
| Pricing date: | Aug. 12
|
| Settlement date: | Aug. 20
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
