By Sheri Kasprzak
New York, June 22 - The Missouri Health and Educational Facilities Authority priced $61.385 million of series 2011 educational facilities improvement and refunding revenue bonds, said a pricing sheet.
The bonds (A2/A) were sold on a negotiated basis with Stifel, Nicolaus & Co. Inc. as the lead manager.
The bonds are due 2015 to 2029 with term bonds due in 2032 and 2036. The serial coupons range from 4% to 5%. The 2032 bonds have a 4.75% coupon priced at par, and the 2036 bonds have a 5% coupon priced at par.
Proceeds will be used to fund the construction and equipment of an academic building on the university's main campus, as well as to refund the university's series 2001 and 2005 bonds.
The university is located in Webster Groves, Mo.
| Issuer: | Missouri Health and Educational Facilities Authority/Webster University
|
| Issue: | Series 2011 educational facilities improvement and refunding revenue bonds
|
| Amount: | $61.385 million
|
| Type: | Negotiated
|
| Underwriter: | Stifel, Nicolaus & Co. Inc. (lead)
|
| Ratings: | Moody's: A2
|
| Fitch: A
|
| Pricing date: | June 22
|
| Settlement date: | July 13
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $2.345 million | 2015 | Serial | 4% | 107.499
|
| $2.435 million | 2016 | Serial | 4% | 108.019
|
| $2.535 million | 2017 | Serial | 4% | 107.114
|
| $2.635 million | 2018 | Serial | 4% | 105.726
|
| $2.74 million | 2019 | Serial | 5% | 110.703
|
| $2.875 million | 2020 | Serial | 5% | 109.996
|
| $3.02 million | 2021 | Serial | 5% | 109.412
|
| $3.165 million | 2022 | Serial | 5% | 108.64
|
| $3.325 million | 2023 | Serial | 4% | 98.705
|
| $3.46 million | 2024 | Serial | 4.15% | 99.701
|
| $3.605 million | 2025 | Serial | 5% | 105.911
|
| $3.775 million | 2026 | Serial | 5% | 104.891
|
| $3.97 million | 2027 | Serial | 4.375% | 97.714
|
| $1.975 million | 2028 | Serial | 4.5% | 98.263
|
| $2.065 million | 2029 | Serial | 4.5% | 97.606
|
| $6.78 million | 2032 | Term | 4.75% | 100
|
| $10.68 million | 2036 | Term | 5% | 100
|
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