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Connecticut College Issue, Series L

Connecticut College
Par Amount: 

Bond proceeds provided for the refunding of the College's 2007 Series F&G bond issues.   In addition, $15 million in new money proceeds provided for campus improvements, including a career planning center, a Global Commons facility, residential facilities, the upgrade and/or replacement of building roofing, plumbing, mechanical, utility, and electrical systems, and technological infrastructure.  The refundings achieved over $1.6 million in net present value savings, or 4.10%.

Underwriter/Placement Agent: 
Oppenheimer & Co., Inc.
Closing Date: 
September 21, 2016
Final Maturity: 
July 1, 2046
Series L-1: 3.56; Series L-2: 2.49 (taxable)
Anticipated Board Approval: 
Tuesday, July 19, 2016

For further information, search EMMA for this issue.