By Aaron Hochman-Zimmerman
New York, Dec. 9 - The North Carolina State Education Assistance Authority announced the sale at par of $160 million of series 2008-5 bonds (VMIG 1/Aa2), according to a statement from the authority.
The bonds, which mature on Sept. 1, 2035, will carry a weekly interest rate.
BB&T Capital Markets acted as the underwriter for the issue.
Proceeds from the sale will be used to expand student loan programs and refinance existing debt.
Issuer: North Carolina State Education Assistance Authority
Issue: Series 2008-5 bonds
Amount: $160 million
Underwriter: BB&T Capital Markets
Maturity: Sept. 1, 2035
| Coupon: | Set weekly
|
| Price: | Par
|
| Ratings: | Moody's: Aa2
|
| Pricing date: | Dec. 8
|
| Settlement date: | Dec. 12
|
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