Published on 6/19/2012 in the Prospect News Municipals Daily.
New Issue: Puerto Rico brings $78.38 million of Ana G. Mendez University bonds
By Sheri Kasprzak
New York, June 19 - The Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities Authority sold $78.38 million of series 2012 higher education revenue and revenue refunding bonds for the Ana G. Mendez University, according to a pricing sheet.
The bonds (/BBB-/) were sold through Barclays Capital Inc.
The bonds are due 2013 to 2022 with term bonds due in 2027, 2032 and 2042. The serial coupons range from 3% to 5%. The 2027 bonds have a 5% coupon priced at 100.375, and the 2032 bonds have a 5.125% coupon priced at 99.684. The 2042 bonds have a 5.375% coupon priced at par.
Proceeds will be used to construct, acquire, equip and renovate university facilities, as well as to repay a loan and refund the university's series 1998 and 1999 revenue bonds.
| Issuer: | Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities Authority/Ana G. Mendez University
|
| Issue: | Series 2012 higher education revenue and revenue refunding bonds
|
| Amount: | $78.38 million
|
| Type: | Negotiated
|
| Underwriters: | Barclays Capital Inc. (lead)
|
| Ratings: | Standard & Poor's: BBB-
|
| Pricing date: | June 19
|
| Settlement date: | June 27
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $4.14 million | 2013 | Serial | 3% | 101.167
|
| $4,305,000 | 2014 | Serial | 4% | 103.617
|
| $5.06 million | 2015 | Serial | 5% | 107.179
|
| $5,255,000 | 2016 | Serial | 5% | 108.467
|
| $5.54 million | 2017 | Serial | 5% | 108.391
|
| $2,155,000 | 2018 | Serial | 5% | 107.759
|
| $2,265,000 | 2019 | Serial | 5% | 106.905
|
| $2,835,000 | 2020 | Serial | 4% | 99.204
|
| $2,475,000 | 2021 | Serial | 5% | 104.909
|
| $2,595,000 | 2022 | Serial | 5% | 104.229
|
| $15.06 million | 2027 | Term | 5% | 100.375
|
| $10.64 million | 2032 | Term | 5.125% | 99.684
|
| $16,505,000 | 2042 | Term | 5.375% | 100
|
© 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.
