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Ocean Community YMCA Issue, Series A-1

Borrower: 
Ocean Community YMCA
Par Amount: 
$2,000,000
Purpose: 

Bond proceeds financed renovations, improvements and equipment for the Mystic YMCA location.  The bond issue is made up of two sub-series.  The Series A-1 portion was structured as a variable rate issue with a 10-year tender and a 30-year final maturity.

The Ocean Community YMCA consists of two Rhode Island branches located in Westerly and Wyoming, and one Connecticut branch located in Mystic.  Together, the branches serve southeastern Connecticut and South County, Rhode Island.

Private Placement - The Washington Trust Co.
Closing Date: 
December 14, 2017
Final Maturity: 
December 1, 2047
Yield: 
3.04%

For further information, search EMMA for this issue.