By Sheri Kasprzak
New York, June 8 - The Madison Area Technical College District of Wisconsin sold $57.1 million of series 2011-12A general obligation school improvement bonds, said a term sheet.
The bonds (Aaa/AAA) were sold competitively with Citigroup Global Markets Inc. winning the bid with a 3.607099% true interest cost.
The bonds are due 2012 to 2031 with 3% to 4.5% coupons.
Proceeds will be used to acquire and improve new building sites, construct and equip new school facilities and restore and refurbish existing college facilities.
| Issuer: | Madison Area Technical College District
|
| Issue: | Series 2011-12A general obligation school improvement bonds
|
| Amount: | $57.1 million
|
| Type: | Competitive
|
| Underwriter: | Citigroup Global Markets Inc. (winner)
|
| TIC: | 3.607099%
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Pricing date: | June 8
|
| Settlement date: | July 1
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $2.67 million | 2012 | Serial | 3% | NRO
|
| $1.945 million | 2013 | Serial | 3% | NRO
|
| $1.99 million | 2014 | Serial | 3% | 105.901
|
| $1.48 million | 2015 | Serial | 3% | 106.995
|
| $2.33 million | 2016 | Serial | 3% | 107.908
|
| $4.225 million | 2017 | Serial | 4% | 112.603
|
| $4.43 million | 2018 | Serial | 4% | 112.422
|
| $3.66 million | 2019 | Serial | 4% | 111.66
|
| $2.91 million | 2020 | Serial | 4% | 110.88
|
| $2.195 million | 2021 | Serial | 4% | 110.365
|
| $2.2 million | 2022 | Serial | 4% | NRO
|
| $2.365 million | 2023 | Serial | 4% | NRO
|
| $2.5 million | 2024 | Serial | 4% | NRO
|
| $2.64 million | 2025 | Serial | 4.25% | NRO
|
| $2.8 million | 2026 | Serial | 4.5% | NRO
|
| $2.955 million | 2027 | Serial | 4.5% | NRO
|
| $3.14 million | 2028 | Serial | 4.5% | NRO
|
| $3.34 million | 2029 | Serial | 4.5% | NRO
|
| $3.55 million | 2030 | Serial | 4.5% | NRO
|
| $3.775 million | 2031 | Serial | 4.5% | NRO
|
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