TD Bank Provides $61.1 Million in Funding for Saint Anselm College
NEC Member TD Bank recently announced they closed a $61.1 million tax-exempt direct purchase bond deal with fellow Council Member Saint Anselm College in Manchester, NH. The bond will be used to refinance existing debt as well as provide $3 million in funding to build a new welcome center on campus.
The tax-exempt direct purchase bond deal allowed the college to refinance the series 2008 bonds, which originally funded various construction projects on campus. In doing so, Saint Anselm College will save more than half a million dollars in interest expenses over the next five years.
The new welcome center will serve as a dynamic campus entry, where new and prospective students and visitors can learn more about the college, officials said.
The New England Council thanks TD Bank for its efforts to aid in the development of Saint Anselm College and look forward to seeing the positive results of the new welcome center. Read more in the New Hampshire Business Review