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Closed Bond Issues

American School for the Deaf Issue, Series A

Par Amount:14000000
Borrower:American School for the Deaf
Purpose:

The Series A proceeds will be used to finance: the construction, equipping and furnishing of two, single-floor dormitories of approximately 8,000 square feet each with a total of 60 beds; construction, equipping and furnishing of two multi-purpose sports courts and other capital expenditures. Approximate project costs are estimated to be $13.63 million: Dorms – $13.33 million; and sports courts – $300,000. Construction is expected to begin in the summer of 2023 with the completed facilities made available for occupancy in the fall of 2024.

Underwriter/ Placement Agent:
  • Private Placement - M&T Bank Corporation
Sector:Independent Schools
Closing Date:April 26, 2023
Final Maturity:May 01, 2053
Yield:3.79%