$152,000,000*
University of Connecticut
Special Obligation Student Fee Revenue Bonds
2018 Series A
The University of Connecticut announces a $152,000,000* Special Obligation Student Fee Revenue Bond Sale with a three day offering period beginning on March 12, 2018. During the first two days of the sale, priority is given to orders for individual investors; priority on the third day of the sale is given to institutional investors.
Considerations
Before you buy any bonds, you should read the related Preliminary and final Official Statement, which will contain all available information about the bonds.
See the Official Statement for further and detailed information regarding the tax status of the bonds. Before deciding to purchase any bonds, investors should consult their tax advisors to determine the applicable federal, state and local tax consequences of owning any bonds.
Schedule* |
|
| Expected Retail Order Period: | Monday, March 12, 2018 and Tuesday, March 13, 2018 |
| Expected Institutional Pricing: | Wednesday, March 14, 2018 |
| Expected Closing and Delivery Date: | Thursday, March 29, 2018 |
Transaction Overview* |
|
| Par Amount: | $152,000,000* |
| Bond Program: | Special Obligation Student Fee Revenue Bonds |
| Expected Structure: | Serial maturities 2019 to 2047 |
| Principal Payment Dates: | November 15th |
| Interest Payment Dates: | May 15th and November 15th |
| Optional Redemption: | To Be Determined |
| Bond Type: | Fixed Rate |
| Denominations: | $5,000, or any integral multiples thereof |
| Tax Status: | Interest on the Bonds is exempt from Federal income tax and, for Connecticut residents, is also State tax-exempt. |
| Bond Ratings: | Moody’s: Aa3 Standard & Poor’s: AA- |
| Notice of Sale: | Tombstone Announcement |
| Preliminary Official Statement: | Preliminary Official Statement |
*Preliminary, subject to change.