By Sheri Kasprzak
New York, Oct. 26 - The Minnesota Public Facilities Authority priced $291 million in series 2010 state revolving fund revenue bonds Tuesday, according to a pricing sheet.
The bonds were sold competitively. Calls to the issuer for the winning bidder were not immediately returned.
The deal included $200 million in series 2010C bonds and $91 million in series 2010D Build America Bonds.
The 2010C bonds are due 2012 to 2026 with coupons from 3.25% to 5%. The 2010D bonds are due 2027 to 2031 with coupons from 4.77% to 4.9%, all priced at par.
Proceeds will be used to fund improvements to the state's water treatment facilities.
| Issuer: | Minnesota Public Facilities Authority
|
| Issue: | Series 2010 state revolving fund revenue bonds
|
| Amount: | $291 million
|
| Type: | Competitive
|
| Pricing date: | Oct. 26
|
| Settlement date: | Nov. 18
|
|
|
| $200 million series 2010C
|
| Amount | Maturity | Type | Coupon | Price
|
| $10.9 million | 2012 | Serial | 4% | 104.282
|
| $11.12 million | 2013 | Serial | 4% | 107.115
|
| $11.34 million | 2014 | Serial | 5% | 112.689
|
| $11.68 million | 2015 | Serial | 5% | 115.329
|
| $12.035 million | 2016 | Serial | 5% | 117.276
|
| $12.395 million | 2017 | Serial | 5% | 118.609
|
| $12.765 million | 2018 | Serial | 5% | 119.569
|
| $17.15 million | 2019 | Serial | 5% | 119.843
|
| $19.545 million | 2020 | Serial | 5% | 120.232
|
| $20.95 million | 2021 | Serial | 5% | 118.414
|
| $14.4 million | 2022 | Serial | 5% | 117.25
|
| $8.87 million | 2023 | Serial | 4% | 106.296
|
| $11.39 million | 2024 | Serial | 3.25% | 98.403
|
| $8.93 million | 2025 | Serial | 4% | 104.983
|
| $16.53 million | 2026 | Serial | 5% | 114.357
|
|
|
| $91 million series 2010D
|
| Amount | Maturity | Type | Coupon | Price
|
| $17.125 million | 2027 | Serial | 4.77% | 100
|
| $21.635 million | 2028 | Serial | 4.8% | 100
|
| $25.17 million | 2029 | Serial | 4.83% | 100
|
| $18.74 million | 2030 | Serial | 4.88% | 100
|
| $8.33 million | 2031 | Serial | 4.9% | 100
|
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