Closed Bond Issues
Connecticut College Issue, Series L
| 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: |
|
| Sector: | Higher Education |
| Closing Date: | September 21, 2016 |
| Final Maturity: | July 01, 2046 |
| Yield: | 3.56% |
