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Loomis Chaffee School Issue, Series I

Borrower: 
Loomis Chaffee School
Par Amount: 
$23,515,000
Purpose: 

$20.4 million of tax-exempt and $3.1 million of taxable bond proceeds provided for the advance refunding of the School's 2008 Series G bond issue.  The net present value savings for both issues was over $3.2 million, or 13.5%.

Underwriter/Placement Agent: 
Stifel Nicolaus
Private Placement - Farmington Bank
Closing Date: 
February 24, 2017
Final Maturity: 
July 1, 2038
Yield: 
Series I-1: 2.79%; Series I-2; 3.98%

For further information, search EMMA for this issue.