Published on 10/16/2012 in the Prospect News Municipals Daily.
New Issue: New York State Environmental brings $129.46 million of revenue bonds
By Sheri Kasprzak
New York, Oct. 16 - The New York State Environmental Facilities Corp. priced $129,455,000 of series 2012 state revolving fund revenue bonds, said a pricing sheet.
The deal includes $95.99 million of series 2012E state revolving fund revenue bonds and $33,465,000 of series 2012F taxable state revolving fund revenue bonds.
The 2012E bonds are due 2013 to 2032 with term bonds due in 2041 and 2042. The serial coupons range from 1% to 5%. The 2041 bonds have a 3.25% coupon priced at 98.703, and the 2042 bonds have a 5% coupon priced at 116.426.
The 2012F bonds are due 2013 to 2024 with coupons range from 0.25% to 2.806%.
The bonds (Aaa//AAA) were sold through Goldman Sachs & Co.
Proceeds will be used to finance clean and drinking water projects and refund portions of bonds that were issued under the 1991 master financing indenture.
| Issuer: | New York State Environmental Facilities Corp.
|
| Issue: | Series 2012 state revolving fund revenue bonds
|
| Amount: | $129,455,000
|
| Type: | Negotiated
|
| Underwriter: | Goldman Sachs & Co.
|
| Ratings: | Moody's: Aaa
|
| Fitch: AAA
|
| Pricing date: | Oct. 16
|
| Settlement date: | Nov. 15
|
|
|
| $95.99 million series 2012E state revolving fund revenue bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $1,495,000 | 2013 | Serial | 1% | NRO
|
| $2,545,000 | 2013 | Serial | 2% | NRO
|
| $2.62 million | 2014 | Serial | 2% | 102.572
|
| $1,535,000 | 2014 | Serial | 5% | 109.301
|
| $2,715,000 | 2015 | Serial | 3% | 106.538
|
| $1.58 million | 2015 | Serial | 5% | 113.639
|
| $1,615,000 | 2016 | Serial | 4% | 113.673
|
| $2.78 million | 2016 | Serial | 5% | 115.631
|
| $1,645,000 | 2017 | Serial | 4% | 116.026
|
| $2.86 million | 2017 | Serial | 5% | 119.113
|
| $1,695,000 | 2018 | Serial | 4% | 118.003
|
| $2.88 million | 2018 | Serial | 5% | 122.374
|
| $1.57 million | 2019 | Serial | 4% | 119.263
|
| $2,965,000 | 2019 | Serial | 5% | 124.613
|
| $1,605,000 | 2020 | Serial | 5% | 127.156
|
| $2,725,000 | 2020 | Serial | 5% | 126.114
|
| $1,595,000 | 2021 | Serial | 5% | 127.719
|
| $2.62 million | 2021 | Serial | 5% | 126.829
|
| $2.68 million | 2022 | Serial | 5% | 127.727
|
| $1.56 million | 2022 | Serial | 5% | 127.127
|
| $2.72 million | 2023 | Serial | 5% | 126.233
|
| $1.04 million | 2023 | Serial | 5% | 125.347
|
| $1,025,000 | 2024 | Serial | 5% | 125.053
|
| $2.79 million | 2024 | Serial | 5% | 125.347
|
| $1.68 million | 2025 | Serial | 5% | 124.565
|
| $845,000 | 2025 | Serial | 5% | 124.371
|
| $2.61 million | 2026 | Serial | 5% | 123.886
|
| $2.7 million | 2027 | Serial | 5% | 123.115
|
| $2,795,000 | 2028 | Serial | 5% | 122.54
|
| $2.89 million | 2029 | Serial | 5% | 121.969
|
| $2,995,000 | 2030 | Serial | 5% | 121.401
|
| $3.09 million | 2031 | Serial | 5% | 120.836
|
| $4,915,000 | 2032 | Serial | 3% | 99.701
|
| $18.24 million | 2041 | Term | 3.25% | 98.703
|
| $2.37 million | 2042 | Term | 5% | 116.426
|
|
|
| $33,465,000 series 2012F taxable state revolving fund revenue bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $3.21 million | 2013 | Serial | 0.25% | NRO
|
| $3.19 million | 2014 | Serial | 0.52% | 100
|
| $3,185,000 | 2015 | Serial | 0.66% | 100
|
| $3,185,000 | 2016 | Serial | 0.986% | 100
|
| $3,185,000 | 2017 | Serial | 1.236% | 100
|
| $3.2 million | 2018 | Serial | 1.524% | 100
|
| $3.22 million | 2019 | Serial | 1.874% | 100
|
| $3.25 million | 2020 | Serial | 2.106% | 100
|
| $2,505,000 | 2021 | Serial | 2.306% | 100
|
| $2,525,000 | 2022 | Serial | 2.506% | 100
|
| $1,735,000 | 2023 | Serial | 2.656% | 100
|
| $1,075,000 | 2024 | Serial | 2.806% | 100
|
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