Published on 9/25/2012 in the Prospect News Municipals Daily.
New Issue: New York State Municipal Bond Bank sells $281.32 million revenue bonds
By Sheri Kasprzak
New York, Sept. 25 - The New York State Municipal Bond Bank Agency priced $281,315,000 of series 2012A special school purpose revenue bonds, according to a pricing sheet.
The bonds were sold through J.P. Morgan Securities LLC.
The bonds are due 2014 to 2022 with 2% to 5% coupons.
Proceeds will be used to advance refund the agency's series 2003C special school purpose revenue bonds issued on behalf of New York City.
| Issuer: | New York State Municipal Bond Bank Agency
|
| Issue: | Series 2012A special school purpose revenue bonds
|
| Amount: | $281,315,000
|
| Type: | Negotiated
|
| Lead underwriter: | J.P. Morgan Securities LLC
|
| Co-managers: | Citigroup Global Markets Inc., Jefferies & Co. Inc., Morgan Stanley & Co. LLC, M.R. Beal & Co. Inc., Ramirez & Co. Inc., Raymond James/Morgan Keegan, Roosevelt & Cross Inc. and Siebert Brandford Shank & Co. LLC
|
| Pricing date: | Sept. 25
|
| Settlement date: | Oct. 10
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $18,665,000 | 2014 | Serial | 4% | 107.669
|
| $1,515,000 | 2015 | Serial | 2% | 104.382
|
| $27,465,000 | 2015 | Serial | 4% | 110.598
|
| $685,000 | 2016 | Serial | 3% | 109.2
|
| $4.62 million | 2016 | Serial | 4% | 113.272
|
| $24.99 million | 2016 | Serial | 5% | 117.343
|
| $925,000 | 2017 | Serial | 2% | 104.742
|
| $30,845,000 | 2017 | Serial | 4% | 114.727
|
| $12 million | 2018 | Serial | 3% | 109.754
|
| $21 million | 2018 | Serial | 4% | 115.631
|
| $2,075,000 | 2019 | Serial | 3% | 109.058
|
| $32,365,000 | 2019 | Serial | 5% | 122.479
|
| $575,000 | 2020 | Serial | 4% | 115.524
|
| $35,605,000 | 2020 | Serial | 5% | 123.025
|
| $4,465,000 | 2021 | Serial | 3% | 106.932
|
| $33.52 million | 2021 | Serial | 5% | 123.442
|
| $2.99 million | 2022 | Serial | 4% | 115.199
|
| $27.01 million | 2022 | Serial | 5% | 124.194
|
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