Stanford University News Service
425 Santa Teresa Street
Stanford, California 94306-2245
Tel: (650) 723-2558
Fax: 650) 725-0247
April 28, 2009
Lisa Lapin, University Communications: email@example.com, (650) 725-5456, (650) 483-2591
Stanford University has completed the sale of $1 billion of taxable notes in a three-part offering. The bonds, rated AAA, will mature in five, seven and 10 years. Goldman Sachs & Co., JPMorgan and Morgan Stanley were the lead underwriters.
The university issued $350 million of five-year bonds at 3.625 percent, $250 million of seven-year bonds at 4.25 percent and $400 million of 10-year bonds at 4.75 percent.
Proceeds from the sale will be used for general purposes as needed, including financing operating and capital expenditures and ensuring adequate liquidity.
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