By Sheri Kasprzak
New York, Jan. 6 - The Florida Board of Education sold $154.8 million of series 2010B public education capital outlay bonds, said a pricing sheet.
The bonds (Aa1/AAA/AAA) were sold competitively with J.P. Morgan Securities LLC winning the bid.
The bonds are due 2012 to 2032 with term bonds due 2036 and 2040. Serial coupons range from 3% to 5%. The 2036 bonds have a 5% coupon and priced at 97.5, and the 2040 bonds have a 5.125% coupon and priced at 98.574.
Proceeds will be used to fund public education capital projects.
| Issuer: | Florida Board of Education
|
| Issue: | Series 2010 public education capital outlay bonds
|
| Amount: | $154.8 million
|
| Type: | Competitive
|
| Underwriter: | J.P. Morgan Securities LLC (winner)
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
| Pricing date: | Jan. 6
|
| Settlement date: | Jan. 27
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $2.555 million | 2012 | Serial | 3% | 103.044
|
| $2.63 million | 2013 | Serial | 5% | 108.781
|
| $2.76 million | 2014 | Serial | 4% | 107.885
|
| $2.87 million | 2015 | Serial | 5% | 112.554
|
| $3.015 million | 2016 | Serial | 5% | 113.664
|
| $3.165 million | 2017 | Serial | 5% | 114.075
|
| $3.325 million | 2018 | Serial | 5% | 113.798
|
| $3.49 million | 2019 | Serial | 5% | 113.164
|
| $3.665 million | 2020 | Serial | 5% | 112.117
|
| $3.85 million | 2021 | Serial | 5% | 110.352
|
| $4.04 million | 2022 | Serial | 5% | 108.785
|
| $4.245 million | 2023 | Serial | 5% | 107.405
|
| $4.455 million | 2024 | Serial | 5% | 106.125
|
| $4.68 million | 2025 | Serial | 5% | 104.941
|
| $4.91 million | 2026 | Serial | 5% | 103.851
|
| $5.16 million | 2027 | Serial | 5% | 102.927
|
| $5.415 million | 2028 | Serial | 5% | 102.165
|
| $5.685 million | 2029 | Serial | 5% | 101.41
|
| $5.97 million | 2030 | Serial | 5% | 100.661
|
| $6.27 million | 2031 | Serial | 5% | 100
|
| $6.585 million | 2032 | Serial | 5% | 98.958
|
| $29.785 million | 2036 | Term | 5% | 97.5
|
| $36.275 million | 2040 | Term | 5.125% | 98.574
|
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