By Sheri Kasprzak
New York, June 2 - The New Hampshire Health and Educational Facilities Authority sold $199 million in series 2009 private university revenue bonds for Dartmouth College on Tuesday, said Dave Bliss, executive director of the authority.
The bonds (Aa1/AA+/) were sold through Morgan Stanley & Co. Inc.
The bonds are due 2019, 2028, 2029 and 2039 with coupons from 5% to 5.25% and yields from 2.3% to 4.77%.
Proceeds will be used to construct a new life sciences building, renovate a residence hall and maintain Memorial Stadium at Dartmouth.
Dartmouth College is located in Hanover, N.H.
| Issuer: | New Hampshire Health and Educational Facilities Authority/Dartmouth College
|
| Issue: | Series 2009 private university revenue bonds
|
| Amount: | $199 million
|
| Type: | Negotiated
|
| Underwriter: | Morgan Stanley & Co. Inc.
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA+
|
| Pricing date: | June 2
|
|
|
| Maturity | Type | Coupon | Yield
|
| 2019 | Term | 5% | 2.30%
|
| 2028 | Term | 5% | 4.45%
|
| 2029 | Term | 5% | 4.53%
|
| 2039 | Term | 5.25% | 4.77%
|
© 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.
