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Sacred Heart University Issue, Series I

Sacred Heart University
Par Amount: 

Bond proceeds financed the advance refinancing of the University's 2012 Series H bond issue and the payoff of an existing construction line of credit, and new money projects for a new 176-bed residential facility, a new athletic facility and the Radio Station/Public Safety Building.  The bond issue consists of tax-exempt and taxable components.  The net present value savings for the Series I-1 issue was over $360,000, or 3.4%

Underwriter/Placement Agent: 
Bank of Amerida Merrill-Lynch
Closing Date: 
November 22, 2017
Final Maturity: 
July 1, 2042
Series I-1: 3.88% Series I-2: 3.07%
Anticipated Board Approval: 
Wednesday, October 18, 2017

For further information, search EMMA for this issue.