Published on 11/2/2010 in the Prospect News Municipals Daily.
New Issue: Massachusetts Development Finance sells $194.97 million bonds for Boston College
By Sheri Kasprzak
New York, Nov. 2 - The Massachusetts Development Finance Authority sold $194.97 million of series 2010R revenue bonds for Boston College on Tuesday, according to a pricing sheet.
The deal included $166.695 million of series 2010R-1 bonds and $28.275 million of series 2010R-2 bonds.
The bonds (Aa3/AA-/) were sold through Barclays Capital Inc.
The 2010R-1 bonds are due 2011 to 2031 with a term bond due in 2040. The coupons range from 4% to 5%. The 2040 bonds have a 5% coupon and were not reoffered.
The 2010R-2 bonds are due 2011 to 2031 with 4% to 5% coupons.
Proceeds will be used to finance or refinance capital improvements to the Boston College campus, including the construction and equipment of a new academic building, as well as to refund existing debt.
| Issuer: | Massachusetts Development Finance Authority/Boston College
|
| Issue: | Series 2010R revenue bonds
|
| Amount: | $194.97 million
|
| Type: | Negotiated
|
| Underwriter: | Barclays Capital Inc.
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA-
|
| Pricing date: | Nov. 2
|
| Settlement date: | Nov. 16
|
|
|
| $166.695 million series 2010R-1
|
| Amount | Maturity | Type | Coupon | Price
|
| $3.845 million | 2011 | Serial | 4% | 102.295
|
| $5.24 million | 2012 | Serial | 5% | 107.188
|
| $5.51 million | 2013 | Serial | 5% | 110.804
|
| $5.785 million | 2014 | Serial | 5% | 113.515
|
| $6.075 million | 2015 | Serial | 5% | 115.774
|
| $5.825 million | 2016 | Serial | 5% | 117.16
|
| $5.6 million | 2017 | Serial | 5% | 117.643
|
| $5.555 million | 2018 | Serial | 5% | 117.863
|
| $5.315 million | 2019 | Serial | 5% | 117.504
|
| $4.86 million | 2020 | Serial | 5% | 117.707
|
| $4.415 million | 2021 | Serial | 5% | NRO
|
| $4.505 million | 2022 | Serial | 5% | NRO
|
| $4.84 million | 2023 | Serial | 5% | NRO
|
| $9.485 million | 2024 | Serial | 5% | NRO
|
| $8.85 million | 2025 | Serial | 5% | NRO
|
| $9.19 million | 2026 | Serial | 5% | NRO
|
| $9.555 million | 2027 | Serial | 5% | NRO
|
| $9.94 million | 2028 | Serial | 5% | NRO
|
| $10.34 million | 2029 | Serial | 5% | NRO
|
| $10.765 million | 2030 | Serial | 5% | NRO
|
| $10.35 million | 2031 | Serial | 5% | NRO
|
| $20.85 million | 2040 | Term | 5% | NRO
|
|
|
| $28.275 million series 2010R-2
|
| Amount | Maturity | Type | Coupon | Price
|
| $145,000 | 2011 | Serial | 4% | 102.295
|
| $390,000 | 2012 | Serial | 5% | 107.188
|
| $405,000 | 2013 | Serial | 4% | 108.213
|
| $420,000 | 2014 | Serial | 4% | 109.977
|
| $435,000 | 2015 | Serial | 4% | 111.365
|
| $450,000 | 2016 | Serial | 5% | 117.16
|
| $465,000 | 2017 | Serial | 4% | 111.495
|
| $485,000 | 2018 | Serial | 4% | 110.938
|
| $620,000 | 2019 | Serial | 4% | 109.859
|
| $630,000 | 2020 | Serial | 4% | 109.353
|
| $640,000 | 2021 | Serial | 4% | NRO
|
| $655,000 | 2022 | Serial | 4% | NRO
|
| $775,000 | 2023 | Serial | 4% | NRO
|
| $2.325 million | 2024 | Serial | 5% | NRO
|
| $2.44 million | 2025 | Serial | 5% | NRO
|
| $2.56 million | 2026 | Serial | 4% | NRO
|
| $2.69 million | 2027 | Serial | 5% | NRO
|
| $2.83 million | 2028 | Serial | 5% | NRO
|
| $2.97 million | 2029 | Serial | 4% | 99.346
|
| $3.12 million | 2030 | Serial | 5% | NRO
|
| $3.275 million | 2031 | Serial | 5% | NRO
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
