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Fairfield University Issue, Series R

Borrower: 
Fairfield University
Par Amount: 
$117,345,000
Purpose: 

Bond proceeds provided for the advance refunding of the University's 2010 Series O bonds, and $35.3 million to fund a portion of the following projects: renovation of residence halls, construction of a 125-bed residence hall for upper classmen, reconfiguration of the library into an Academic Commons, and refurbishment of laboratories in the science center.  The refunding achieved over $7.1 million in net present value savings, or 9.6%.

Underwriter/Placement Agent: 
J.P. Morgan Securities, Inc.
Closing Date: 
December 20, 2017
Final Maturity: 
July 1, 2047
Yield: 
3.81%

For further information, search EMMA for this issue.