By Sheri Kasprzak
New York, Nov. 28 - The Florida Development Finance Corp. sold $59.32 million of series 2012 educational facilities revenue bonds for the Renaissance Charter School, according to a pricing sheet.
The bonds were sold through Ziegler Capital Inc.
The sale included $55.8 million of series 2012A tax-exempt bonds and $3.52 million of series 2012B taxable bonds.
The 2012A bonds are due June 15, 2022, June 15, 2032 and June 15, 2043. The 2022 bonds have a 5.5% coupon priced at par and the 2032 bonds have a 6% coupon priced at par. The 2043 bonds have a 6.125% coupon priced at 98.301.
The 2012B bonds are due June 15, 2018, and have a 7.5% coupon priced at par.
Proceeds will be used to finance the construction, equipment and acquisition of charter schools in Leon, Orange, Osceola and Palm Beach counties in Florida.
| Issuer: | Florida Development Finance Corp./Renaissance Charter School
|
| Issue: | Series 2012 educational facilities revenue bonds
|
| Amount: | $59.32 million
|
| Type: | Negotiated
|
| Underwriter: | Zielger Capital Inc. (lead)
|
| Pricing date: | Nov. 19
|
| Settlement date: | Nov. 28
|
|
|
| $55.8 million series 2012A tax-exempt bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $4.48 million | June 15, 2022 | Term | 5.5% | 100
|
| $15.35 million | June 15, 2032 | Term | 6% | 100
|
| $35.97 million | June 15, 2043 | Term | 6.125% | 98.301
|
|
|
| $3.52 million series 2012B taxable bonds
|
| Maturity | Type | Coupon | Price
|
| June 15, 2018 | Term | 7.5% | 100
|
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