Prager Short-Term Indices
University of Chicago Bonds
In August 2015, Prager served as financial advisor to the University of Chicago for their Series 2015 bond issue. Series 2015A (tax-exempt) had a par amount of $415.8 million and Series 2015B (taxable) had a par amount of $150.5 million. Proceeds will be used to fund new capital projects and refund a portion of the University's outstanding debt.
Caltech Taxable Issue
In May 2015, Prager served as financial advisor to The California Institute of Technology for their 2015 Taxable Bonds. Total par was $400 million priced at 30-Year US Treasury Constant Maturity +125bps, equating to a total yield of 4.321%.