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Taft School Issue, Series K

Borrower: 
Taft School
Par Amount: 
$21,625,000
Purpose: 

Bond proceeds provide for the refunding of the School's 2000 Series E and 2015 Series J variable rate bond issues.  The Series K issue was a fixed rate issue, and was structured to provide uniform debt service when combined with the existing Series I bonds outstanding. 

The Series K bonds have an optional redemption date of July 1, 2028.  The Series K bonds are rated Aa3 by Moody's.  The net interest cost for the issue was 3.53%.

Underwriter/Placement Agent: 
Stifel Nicolus & Company, Incorporated
Closing Date: 
September 11, 2018
Final Maturity: 
July 31, 2037
Yield: 
3.53%
Anticipated Board Approval: 
Wednesday, July 18, 2018

For further information, search EMMA for this issue.