Published on 6/29/2011 in the Prospect News Municipals Daily.
New Issue: University of Missouri sells $54.13 million revenue bonds
By Sheri Kasprzak
New York, June 29 - The University of Missouri sold $54.125 million of series 2011 system facilities revenue bonds on Wednesday, according to a pricing sheet.
The bonds (Aa1/AA+/) were sold through Bank of America Merrill Lynch with Edward D. Jones & Co. LP and Stifel, Nicolaus & Co. Inc. as the co-managers.
The bonds are due 2013 to 2027 with 2% to 5% coupons.
Proceeds will be used to refund the university system's series 1998A, 2001B and 2003B bonds.
| Issuer: | University of Missouri
|
| Issue: | Series 2011 system facilities revenue bonds
|
| Amount: | $54.125 million
|
| Type: | Negotiated
|
| Underwriters: | Bank of America Merrill Lynch (lead), Edward D. Jones & Co. LP and Stifel, Nicolaus & Co. Inc. (co-managers)
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA+
|
| Pricing date: | June 29
|
| Settlement date: | Aug. 3
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $2.12 million | 2013 | Serial | 2% | 102.957
|
| $4.105 million | 2014 | Serial | 4% | 109.687
|
| $4.265 million | 2015 | Serial | 5% | 115.318
|
| $950,000 | 2016 | Serial | 2% | 102.257
|
| $3.565 million | 2016 | Serial | 4% | 112.292
|
| $4.665 million | 2017 | Serial | 5% | 118.104
|
| $470,000 | 2018 | Serial | 2.5% | 101.66
|
| $2.695 million | 2018 | Serial | 5% | 118.285
|
| $3.315 million | 2019 | Serial | 5% | 118.19
|
| $600,000 | 2020 | Serial | 3% | 101.616
|
| $2.885 million | 2020 | Serial | 4% | 109.71
|
| $3.625 million | 2021 | Serial | 5% | 117.909
|
| $625,000 | 2022 | Serial | 3.125% | 99.667
|
| $3.185 million | 2022 | Serial | 5% | 117.294
|
| $1 million | 2023 | Serial | 3.25% | 99.297
|
| $3.005 million | 2023 | Serial | 5% | 116.785
|
| $3.03 million | 2024 | Serial | 5% | 116.13
|
| $950,000 | 2025 | Serial | 3.5% | 98.669
|
| $2.235 million | 2025 | Serial | 5% | 115.247
|
| $3.33 million | 2026 | Serial | 5% | 114.659
|
| $690,000 | 2027 | Serial | 3.75% | 99.273
|
| $2.815 million | 2027 | Serial | 5% | 114.309
|
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