By Sheri Kasprzak
New York, Jan. 12 - The Illinois Finance Authority sold $115 million of series 2011A revenue bonds for DePaul University on Wednesday, said a pricing sheet.
The bonds (A3/A-/A) were sold through Goldman, Sachs & Co. with Barclays Capital Inc., Cabrera Capital Markets LLC and Ramirez & Co. Inc. as the co-managers.
The bonds are due 2020 to 2021 and 2023 to 2025 with term bonds due 2027, 2032 and 2040. The serial coupons range from 5.25% to 5.5%. The 2027 bonds have a 5.75% coupon, and the 2032 bonds have a 6% coupon. The 2040 bonds have a 6.125% coupon. The full pricing details could not be obtained by press time Wednesday.
Proceeds will be used to fund capital projects at the university.
| Issuer: | Illinois Finance Authority/DePaul University
|
| Issue: | Series 2011A revenue bonds
|
| Amount: | $115 million
|
| Type: | Negotiated
|
| Underwriters: | Goldman, Sachs & Co. (lead); Barclays Capital Inc., Cabrera Capital Markets LLC and Ramirez & Co. Inc. (co-managers)
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: A-
|
| Fitch: A
|
| Pricing date: | Jan. 12
|
| Settlement date: | Feb. 2
|
|
|
| Maturity | Type | Coupon
|
| 2020 | Serial | 5.25%
|
| 2021 | Serial | 5.25%
|
| 2023 | Serial | 5.25%
|
| 2024 | Serial | 5.375%
|
| 2025 | Serial | 5.5%
|
| 2027 | Term | 5.75%
|
| 2032 | Term | 6%
|
| 2040 | Term | 6.125%
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
