By Sheri Kasprzak
New York, June 15 - The New Jersey Economic Development Authority priced $400 million in series 2009A school facilities construction notes on Monday, said Thomas Bell, spokesman for the state treasurer's office.
The notes (MIG1/SP-1+/) are due June 18, 2010 and priced to yield 0.495%, said Bell.
J.P. Morgan Securities Inc., Citigroup Global Markets Inc. and Goldman, Sachs & Co. all took pieces of the competitive offering. Powell Capital Markets Inc. was the financial adviser.
Proceeds will be used to fund school construction projects throughout the state.
| Issuer: | New Jersey Economic Development Authority
|
| Issue: | Series 2009A school facilities construction notes
|
| Amount: | $400 million
|
| Type: | Competitive
|
| Maturity: | June 18, 2010
|
| Yield: | 0.495%
|
| Underwriters: | J.P. Morgan Securities Inc., Citigroup Global Markets Inc. and Goldman, Sachs & Co.
|
| Financial adviser: | Powell Capital Markets Inc.
|
| Ratings: | Moody's: MIG1
|
| Standard & Poor's: SP-1+
|
| Pricing date: | June 15
|
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