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Fairfield University Issue, Series S

Fairfield University
Par Amount: 

Bond proceed provided for the refunding of the University's 2008 Series M and Series N CHEFA bond issues.  The Series S bonds were structured to provide upfront savings in FY2018 through FY2020 with uniform annual debt service savings thereafter.

The refundings provided over $8.9 million, or 2.7%, in net present value savings.  The University is rated A3 and A- by Moody's and Standard and Poor's, respectively.

Underwriter/Placement Agent: 
Goldman Sachs
Closing Date: 
April 4, 2018
Final Maturity: 
July 1, 2034
Anticipated Board Approval: 
Tuesday, December 5, 2017

For further information, search EMMA for this issue.