By Sheri Kasprzak
New York, Sept. 25 - The Mesa State College Board of Trustees in Colorado priced $61.665 million in series 2009 auxiliary facilities enterprise revenue bonds on Thursday, according to a term sheet.
The sale included $31.665 million in series 2009A revenue refunding bonds and $30 million in series 2009B taxable Build America Bonds.
Piper Jaffray & Co. was the senior manager.
The 2009A bonds are due 2011 to 2025 with term bonds due 2028 and 2033. The coupons range from 3% to 5%. The 2009B bonds are due 2040 with a 5.8% coupon, priced at par.
Proceeds will be used to refund the college's series 2008 bonds and to construct a new college center, a parking structure and to make improvements to the college.
Mesa State College is based in Grand Junction, Colo.
| Issuer: | Mesa State College Board of Trustees
|
| Issue: | Series 2009 auxiliary facilities enterprise revenue bonds
|
| Amount: | $61.665 million
|
| Type: | Negotiated
|
| Underwriter: | Piper Jaffray & Co. (lead)
|
| Pricing date: | Sept. 24
|
| Settlement date: | Oct. 6
|
|
|
| Series 2009A
|
| Maturity | Type | Coupon | Price
|
| 2011 | Serial | 3% | 103.394
|
| 2012 | Serial | 3% | 104.397
|
| 2013 | Serial | 3% | 105.032
|
| 2014 | Serial | 3% | 104.965
|
| 2015 | Serial | 3% | 104.628
|
| 2016 | Serial | 3% | 103.582
|
| 2017 | Serial | 4% | 109.244
|
| 2018 | Serial | 4% | 108.881
|
| 2018 | Serial | 5% | 116.473
|
| 2019 | Serial | 3.25% | 102.407
|
| 2019 | Serial | 5% | 116.948
|
| 2020 | Serial | 5% | 117.062
|
| 2021 | Serial | 5% | 116.28
|
| 2022 | Serial | 4% | 103.611
|
| 2023 | Serial | 5% | 115.772
|
| 2024 | Serial | 5% | 115.546
|
| 2025 | Serial | 5% | 115.177
|
| 2028 | Term | 4% | 97.431
|
| 2033 | Term | 5% | 110.786
|
|
|
| Series 2009B
|
| Maturity | Type | Coupon | Price
|
| 2040 | Term | 5.8% | Par
|
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