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Ocean Community YMCA Issue, Series A-2

Borrower: 
Ocean Community YMCA
Par Amount: 
$4,000,000
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-2 portion was structured as a variable rate issue with a 10-year tender and a 29-year final maturity.

Private Placement - The Washington Trust Company
Closing Date: 
December 14, 2017
Final Maturity: 
December 1, 2047
Yield: 
3.04%
Anticipated Board Approval: 
Tuesday, September 19, 2017

For further information, search EMMA for this issue.