The Albert Einstein College of Medicine of Yeshiva University today announced an offering of $10, 700, 000 in first mortgage serial bonds to complete the financing for the institution’s current $17, 450, 000 construction program.
The financing venture, believed to be the largest single institutional bond issue ever offered publicly, will be underwritten by B.C. Ziegler and Company, of West Bend, Wisconsin. The bonds, which will mature serially from 1965 through 1982, carry interest coupons from five to six percent. The construction program includes a 250-bed university hospital and diagnostic rehabilitation center costing $10, 500, 000; and a 12-story research center, costing $6, 900, 000.
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