Yale University Issue, Series 2018A

Borrower:

Yale University

Par Amount:

$67,610,000

Purpose:

Bond proceeds provided for the current refunding of the University's Series 2010 A-1 bonds. The Series 2018A was structured as a fixed rate, noncallable issue. The net interest cost for the new issue was 2.44%, compared to a 4.25% rate on the refunded Series 2010 A-1 bonds.

Underwriter/Placement Agent:

Barclays

Closing Date:

July 2, 2018

Final Maturity:

July 1, 2025

Yield:

2.44%

Anticipated Board Approval:

Wednesday, May 16, 2018

For further information, search EMMA for this issue.