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Sacred Heart University Issue, Series J

Borrower: 
Sacred Heart University
Par Amount: 
$39,570,000
Purpose: 

Bond proceeds financed the current refunding of the University's 2003 Series F bond issue and the advance refunding of its 2011 Series G issue.   The Series J bond issue consists of tax-exempt and taxable components.  The net present value savings for the Series J-1 issue was over $1.4 million, or 2.6%.

Underwriter/Placement Agent: 
Oppenheimer & Co., Inc.
Private Placement - Peoples United Munit Finance Corp
Closing Date: 
November 22, 2017
Final Maturity: 
July 1, 2037
Yield: 
Series J-1: 2.66%; Series J-2: 3.24%
Anticipated Board Approval: 
Wednesday, October 18, 2017

For further information, search EMMA for this issue.