By Sheri Kasprzak
New York, March 26 - The Trustees of Indiana University priced $69.785 million in series 2009A consolidated revenue bonds, according to an official statement released Thursday.
The bonds (Aa1/AA/) were sold through senior manager Barclays Capital Corp. The co-managers included City Securities Corp. and Loop Capital Markets LLC.
The bonds are due 2010 to 2029 with coupons from 2.875% to 5.5% and yields from 1.12% to 5.12%.
Proceeds will be used to construct a housing complex on the university's Bloomington campus, to renovate a food court on the Indianapolis campus and to expand a parking lot at the Southeast campus.
| Issuer: | Trustees of Indiana University
|
| Issue: | Series 2009A consolidated revenue bonds
|
| Amount: | $69.785 million
|
| Type: | Negotiated
|
| Underwriters: | Barclays Capital Corp. (lead); City Securities Corp.; and Loop Capital Markets LLC (co-managers)
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA
|
| Pricing date: | March 25
|
| Settlement date: | April 2
|
|
|
| Maturity | Type | Coupon | Yield
|
| 2010 | Serial | 3% | 1.12%
|
| 2011 | Serial | 5% | 1.67%
|
| 2012 | Serial | 5% | 1.93%
|
| 2013 | Serial | 4% | 2.33%
|
| 2014 | Serial | 5.5% | 2.73%
|
| 2015 | Serial | 2.875% | 3.00%
|
| 2016 | Serial | 5% | 3.21%
|
| 2017 | Serial | 5% | 3.43%
|
| 2018 | Serial | 5% | 3.60%
|
| 2019 | Serial | 5% | 3.79%
|
| 2020 | Serial | 5.25% | 4.00%
|
| 2021 | Serial | 5.25% | 4.20%
|
| 2022 | Serial | 5.25% | 4.35%
|
| 2023 | Serial | 5.25% | 4.51%
|
| 2024 | Serial | 5.25% | 4.67%
|
| 2025 | Serial | 5.25% | 4.81%
|
| 2026 | Serial | 5.25% | 4.90%
|
| 2027 | Serial | 5.25% | 5.00%
|
| 2028 | Serial | 5% | 5.08%
|
| 2029 | Serial | 5% | 5.12%
|
© 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.
