Loomis Chaffee School Issue, Series I
Borrower:
Loomis Chaffee School
Par Amount:
$23,515,000
Purpose:
$20.4 million of tax-exempt and $3.1 million of taxable bond proceeds provided for the advance refunding of the School's 2008 Series G bond issue. The net present value savings for both issues was over $3.2 million, or 13.5%.
Underwriter/Placement Agent:
Stifel Nicolaus
Private Placement - Farmington Bank
Closing Date:
February 24, 2017
Final Maturity:
July 1, 2038
Yield:
Series I-1: 2.79%; Series I-2; 3.98%
Anticipated Board Approval:
Wednesday, January 18, 2017
For further information, search EMMA for this issue.