Published on 12/8/2011 in the Prospect News Municipals Daily.
New Issue: Iowa Finance Authority sells $220.44 million of revolving fund bonds
By Sheri Kasprzak
New York, Dec. 8 - The Iowa Finance Authority priced $220,435,000 of series 2011 state revolving fund revenue bonds, said a pricing sheet.
The bonds (Aaa//AAA) were sold through J.P. Morgan Securities LLC.
The bonds are due 2012 to 2031 with 2% to 5% coupons.
Proceeds will be used to fund construction project loans to cities and communities for water quality improvements.
| Issuer: | Iowa Finance Authority
|
| Issue: | Series 2011 state revolving fund revenue bonds
|
| Amount | $220,435,000
|
| Type: | Negotiated
|
| Underwriter: | J.P. Morgan Securities LLC
|
| Ratings: | Moody's: Aaa
|
| Fitch: AAA
|
| Pricing date: | Dec. 8
|
| Settlement date: | Dec. 20
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $1.305 million | 2012 | Serial | 2% | 101.085
|
| $1.84 million | 2013 | Serial | 3% | 104.227
|
| $5 million | 2014 | Serial | 4% | 108.695
|
| $2.45 million | 2015 | Serial | 3% | 107.302
|
| $5.605 million | 2015 | Serial | 5% | 114.391
|
| $1.945 million | 2016 | Serial | 3% | 108.571
|
| $6.955 million | 2016 | Serial | 5% | 117.546
|
| $3.205 million | 2017 | Serial | 3% | 109.458
|
| $5.73 million | 2017 | Serial | 5% | 120.267
|
| $2.685 million | 2018 | Serial | 2% | 103.136
|
| $6.6 million | 2018 | Serial | 5% | 121.957
|
| $475,000 | 2019 | Serial | 3% | 108.873
|
| $9.14 million | 2019 | Serial | 5% | 123.071
|
| $850,000 | 2020 | Serial | 3% | 107.711
|
| $9.095 million | 2020 | Serial | 5% | 123.449
|
| $3.15 million | 2021 | Serial | 3% | 106.717
|
| $8.755 million | 2021 | Serial | 5% | 123.945
|
| $8.95 million | 2022 | Serial | 5% | 124.337
|
| $100,000 | 2023 | Serial | 3% | 104.394
|
| $13.715 million | 2023 | Serial | 5% | 124.376
|
| $12 million | 2024 | Serial | 5% | 124.083
|
| $16.575 million | 2025 | Serial | 5% | 123.605
|
| $18.035 million | 2026 | Serial | 5% | 122.985
|
| $10 million | 2027 | Serial | 5% | 122.536
|
| $14.345 million | 2028 | Serial | 5% | 122.181
|
| $1.32 million | 2029 | Serial | 3.375% | 100.063
|
| $12.905 million | 2029 | Serial | 5% | 121.516
|
| $15.94 million | 2030 | Serial | 5% | 120.847
|
| $21.765 million | 2031 | Serial | 5% | 120.199
|
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