Published on 8/21/2012 in the Prospect News Municipals Daily.
New Issue: Harris County, Texas, sells $204.73 million of bonds for Baylor College
By Sheri Kasprzak
New York, Aug. 21 - The Harris County Cultural Education Facilities Finance Corp. of Texas sold $204,725,000 of series 2012A medical facilities mortgage revenue refunding bonds for the Baylor College of Medicine, according to a pricing sheet.
The bonds (/A-/) were sold through Barclays and Bank of America Merrill Lynch.
Proceeds will be used to refund outstanding bonds.
| Issuer: | Harris County Cultural Education Facilities Finance Corp./Baylor College of Medicine
|
| Issue: | Series 2012A medical facilities mortgage revenue refunding bonds
|
| Amount: | $204,725,000
|
| Type: | Negotiated
|
| Underwriters: | Barclays and Bank of America Merrill Lynch
|
| Ratings: | Standard & Poor's: A-
|
| Pricing date: | Aug. 21
|
| Settlement date: | Sept. 6
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $1.96 million | 2013 | Serial | 3% | 102.675
|
| $2.07 million | 2014 | Serial | 4% | 106.621
|
| $2.17 million | 2015 | Serial | 4% | 108.478
|
| $2,515,000 | 2016 | Serial | 4% | 110.16
|
| $2,685,000 | 2017 | Serial | 4% | 110.907
|
| $2,915,000 | 2018 | Serial | 5% | 115.808
|
| $3.05 million | 2019 | Serial | 5% | 115.362
|
| $3.28 million | 2020 | Serial | 5% | 114.895
|
| $3.55 million | 2021 | Serial | 5% | 114.746
|
| $3.95 million | 2022 | Serial | 5% | 114.887
|
| $4,175,000 | 2023 | Serial | 5% | 113.31
|
| $4,525,000 | 2024 | Serial | 5% | 112.486
|
| $4.79 million | 2025 | Serial | 3.5% | 97.413
|
| $5,145,000 | 2026 | Serial | 5% | 111.128
|
| $5.58 million | 2027 | Serial | 3.75% | 97.169
|
| $22.26 million | 2032 | Term | 4% | 97.957
|
| $114,105,000 | 2037 | Term | 5% | 106.145
|
| $16 million | 2046 | Term | 4.75% | 100
|
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