Barclays Named Lead Underwriter for Century Bond Debt
University Of Minnesota-RochesterHigher Ed · Rochester, MN- Disclosed value
- up to $500,000,000 (overall debt authorization; not all necessarily underwritten by Barclays)
- From minutes
- Document date
- May 13, 2022
The 30-second brief
The Board of Regents amended its century bond financing resolution to appoint Barclays as lead underwriter for up to $500 million in long-term taxable debt, including potential shorter-term bonds. The action increases flexibility in debt structure and permits refinancing of existing obligations while targeting a 4.5% fixed interest rate.
BARCLAYS holds this financial services contract with University Of Minnesota-Rochester. 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: Debt to mature not later than 101 years after respective date of issuance; some or all may be shorter-term bonds maturing earlier than 100 years.
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Contract details
- Contract type
- Financial Services
- Amount
- up to $500,000,000 (overall debt authorization; not all necessarily underwritten by Barclays)
- Document date
- May 13, 2022
- Term
- Debt to mature not later than 101 years after respective date of issuance; some or all may be shorter-term bonds maturing earlier than 100 years
- Vendor
- BARCLAYS
- Source document
- board_of_regents_meeting_minutes_may_2022.pdf (Minutes)
BARCLAYS's other public contracts
More University Of Minnesota-Rochester contracts
Questions about this contract
Who was awarded the financial services contract by University Of Minnesota-Rochester?
BARCLAYS was awarded this financial services contract by University Of Minnesota-Rochester, as recorded on May 13, 2022. The contract value is up to $500,000,000 (overall debt authorization; not all necessarily underwritten by Barclays).
How much is the BARCLAYS contract with University Of Minnesota-Rochester worth?
The BARCLAYS contract with University Of Minnesota-Rochester is valued at up to $500,000,000 (overall debt authorization; not all necessarily underwritten by Barclays), 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 board_of_regents_meeting_minutes_may_2022.pdf (Minutes), dated May 13, 2022 from University Of Minnesota-Rochester. 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-Rochester currently buying?
Explore University Of Minnesota-Rochester's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.