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Closed Bond Issues

Connecticut College Issue, Series L

A gray and white illustration of a sun, bird, and city skyline representing CHEFA logo for the organization.
Par Amount:53635000
Borrower:Connecticut College
Purpose:

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%.

*Yield Note: Series L-1: 3.56; Series L-2: 2.49 (taxable)

Underwriter/ Placement Agent:
  • Oppenheimer & Co., Inc.
Sector:Higher Education
Closing Date:September 21, 2016
Final Maturity:July 01, 2046
Yield:3.56%