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Westminster School Issue, Series K

Borrower: 
Westminster School
Par Amount: 
$9,075,000
Purpose: 

Bond proceeds provided for the current refunding of the School's 2010 Series F and 2012 Series G bond issues.  The goal of the refinancing was to reduce overall aggregate debt service for the next ten years, while reducing both interest rate risk and renewal risk.

Underwriter/Placement Agent: 
Stifel Nicolaus
Closing Date: 
April 12, 2019
Final Maturity: 
July 1, 2042
Yield: 
3.79%
Anticipated Board Approval: 
Wednesday, January 16, 2019

For further information, search EMMA for this issue.