University of Minnesota Board of Regents | State of Minnesota Awards Financial Services Contract to BARCLAYS (March 2022)
University of Minnesota Board of Regents | State of MinnesotaState · Minneapolis, MN- Disclosed value
- Up to $500,000,000 (bond issuance authorization)
- From minutes
- Approved
- Mar 11, 2022
The 30-second brief
The University of Minnesota Board of Regents approved an amendment to its century bond resolution appointing Barclays as lead underwriter for up to $500 million in long-term taxable debt. The action allows issuance of century or shorter-term bonds to finance capital projects and refinance existing debt, with a target interest rate of 4.5 percent.
BARCLAYS holds this financial services contract with University of Minnesota Board of Regents | State of Minnesota. Its other public contracts on record include work for New Mexico State Board of Finance | State of New Mexico and Los Angeles County Sanitation Districts.
Term as filed: Not later than 101 years after respective date of issuance; option for shorter-term bonds maturing earlier than 100 years.
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Contract details
- Contract type
- Financial Services
- Amount
- Up to $500,000,000 (bond issuance authorization)
- Document date
- March 11, 2022
- Term
- Not later than 101 years after respective date of issuance; option for shorter-term bonds maturing earlier than 100 years
- Vendor
- BARCLAYS
- Source document
- University of Minnesota Board of Regents Meeting Minutes March 2022 (Minutes)
BARCLAYS's other public contracts
More University of Minnesota Board of Regents | State of Minnesota contracts
Questions about this contract
Who was awarded the financial services contract by University of Minnesota Board of Regents | State of Minnesota?
BARCLAYS was awarded this financial services contract by University of Minnesota Board of Regents | State of Minnesota, as recorded on March 11, 2022. The contract value is Up to $500,000,000 (bond issuance authorization).
How much is the BARCLAYS contract with University of Minnesota Board of Regents | State of Minnesota worth?
The BARCLAYS contract with University of Minnesota Board of Regents | State of Minnesota is valued at Up to $500,000,000 (bond issuance authorization), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record.
Where was this contract approved?
This contract appears in University of Minnesota Board of Regents Meeting Minutes March 2022 (Minutes), dated March 11, 2022 from University of Minnesota Board of Regents | State of Minnesota. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does BARCLAYS hold?
BARCLAYS may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is University of Minnesota Board of Regents | State of Minnesota currently buying?
Explore University of Minnesota Board of Regents | State of Minnesota's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.