Published on 1/29/2013 in the Prospect News Municipals Daily.
New Issue: Ohio prices $57.78 million of revenue bonds for University of Dayton
By Sheri Kasprzak
New York, Jan. 29 - The State of Ohio sold $57,775,000 of series 2013 higher educational revenue bonds for the University of Dayton, according to a pricing sheet.
The bonds (A2/A/) were sold through Morgan Stanley & Co. LLC.
The bonds are due 2015 to 2033 with a term bond due in 2043. The serial coupons range from 3% to 5%. The 2043 bonds have a 5% coupon priced at 112.175.
Proceeds will be used to construct, equip, renovate and upgrade the university's facilities, upgrade the university's technology and refund the university's series 2004 revenue bonds.
| Issuer: | State of Ohio/University of Dayton
|
| Issue: | Series 2013 higher educational revenue bonds
|
| Amount: | $57,775,000
|
| Type: | Negotiated
|
| Underwriter: | Morgan Stanley & Co. LLC
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A
|
| Pricing date: | Jan. 29
|
| Settlement date: | Feb. 12
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $1.38 million | 2015 | Serial | 4% | 109.083
|
| $1,435,000 | 2016 | Serial | 4% | 111.483
|
| $1,495,000 | 2017 | Serial | 4% | 113.529
|
| $1.55 million | 2018 | Serial | 3% | 109.412
|
| $1,615,000 | 2019 | Serial | 5% | 121.758
|
| $1.68 million | 2020 | Serial | 5% | 122.217
|
| $1,755,000 | 2021 | Serial | 5% | 122.652
|
| $1.82 million | 2022 | Serial | 5% | 122.685
|
| $1.91 million | 2023 | Serial | 5% | 121.031
|
| $2,005,000 | 2024 | Serial | 5% | 119.975
|
| $2.11 million | 2025 | Serial | 5% | 119.309
|
| $2,215,000 | 2026 | Serial | 5% | 118.741
|
| $2,325,000 | 2027 | Serial | 5% | 118.177
|
| $2.45 million | 2028 | Serial | 5% | 117.522
|
| $2,575,000 | 2029 | Serial | 5% | 116.872
|
| $2.7 million | 2030 | Serial | 5% | 116.318
|
| $2.84 million | 2031 | Serial | 5% | 115.859
|
| $2,975,000 | 2032 | Serial | 4% | 104.877
|
| $3.1 million | 2033 | Serial | 4% | 104.452
|
| $17.84 million | 2043 | Term | 5% | 112.175
|
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