By Sheri Kasprzak
New York, May 30 - The Iowa Finance Authority sold $111 million of series 2013 state revolving fund revenue bonds, said a pricing sheet.
The bonds (Aaa//AAA) were sold through Piper Jaffray & Co.
The bonds are due 2014 to 2033 with 1.5% to 5% coupons.
Proceeds will be used to fund new loans to local government borrowers for clean and drinking water system improvements and to reimburse the program equity fund for prior loan disbursements.
| Issuer: | Iowa Finance Authority
|
| Issue: | Series 2013 state revolving fund revenue bonds
|
| Amount: | $111 million
|
| Type: | Negotiated
|
| Underwriter: | Piper Jaffray & Co. (lead)
|
| Ratings: | Moody's: Aaa
|
| Fitch: AAA
|
| Pricing date: | May 30
|
| Settlement date: | July 2
|
|
|
| Maturity | Type | Coupon | Price
|
| 2014 | Serial | 2% | 101.952
|
| 2015 | Serial | 3% | 105.381
|
| 2016 | Serial | 1.5% | 102.619
|
| 2016 | Serial | 4% | 110.232
|
| 2017 | Serial | 4% | 112.392
|
| 2018 | Serial | 5% | 119
|
| 2019 | Serial | 5% | 120.524
|
| 2020 | Serial | 5% | 121.553
|
| 2021 | Serial | 5% | 122.196
|
| 2022 | Serial | 5% | 122.562
|
| 2023 | Serial | 4% | 114.345
|
| 2024 | Serial | 4% | 111.872
|
| 2025 | Serial | 5% | 120.275
|
| 2026 | Serial | 4% | 108.914
|
| 2027 | Serial | 5% | 118.143
|
| 2028 | Serial | 5% | 117.474
|
| 2029 | Serial | 5% | 116.81
|
| 2030 | Serial | 5% | 116.244
|
| 2031 | Serial | 5% | 115.682
|
| 2032 | Serial | 5% | 115.216
|
| 2033 | Serial | 4% | 103.611
|
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