- About Us
- Financing Programs
- Bond Issues
- Grant Programs
- Contact Us
Series 2017A bond proceeds provided for the refunding of the University's 2007 Series Z-2 and Z-3 bond issues. Series 2017B refinanced Yale's 1997 Series T-1 and 2003 Series X-3 bond issues.
The Net Interest Cost for Series 2017A was 1.50%, which refinanced the Series Z-2 and Z-3 interest rate of 3.60%. Series 2017A is structured with a 5-year mandatory tender date, and a 25-year maturity.
The Net Interest Cost for Series 2017B was 1.17%, which refinanced the Series T-1 interest rate of 3.72%, and Series X-3 with an interest rate of 5.50%. Series 2017B is structured with a 3-year mandatory tender date, and a 20-year maturity.
For further information, search EMMA for this issue.