By Sheri Kasprzak
New York, June 29 - The Pennsylvania Higher Educational Facilities Authority sold $119.085 million of series AM State System of Higher Education revenue bonds, said a pricing sheet.
The bonds (Aa2/AA) were sold competitively.
The bonds are due 2012 to 2031 with term bonds due in 2033 and 2036. The serial coupons range from 3% to 5.25%. The 2033 bonds have a 4.375% coupon priced at 97.503, and the 2036 bonds have a 4.5% coupon priced at 97.999
Proceeds will be used to fund a loan to the State System of Higher Education to fund auxiliary facilities renovation and construction at Bloomsburg, California, East Stroudsburg, Lock Haven, Millersville, Shippensburg, Slippery Rock and West Chester universities in Pennsylvania.
| Issuer: | Pennsylvania Higher Educational Facilities Authority
|
| Issue: | Series AM State System of Higher Education revenue bonds
|
| Amount: | $119.085 million
|
| Type: | Competitive
|
| Ratings: | Moody's: Aa2
|
| Fitch: AA
|
| Pricing date: | June 29
|
| Settlement date: | July 1
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $3.06 million | 2012 | Serial | 3% | 102.52
|
| $3.865 million | 2013 | Serial | 3% | 104.233
|
| $3.99 million | 2014 | Serial | 5% | 111.347
|
| $4.2 million | 2015 | Serial | 5% | 113.701
|
| $4.42 million | 2016 | Serial | 5% | 115.782
|
| $4.655 million | 2017 | Serial | 5% | 116.378
|
| $4.9 million | 2018 | Serial | 4% | 110.15
|
| $4.955 million | 2019 | Serial | 5% | 115.922
|
| $5.215 million | 2020 | Serial | 5% | 115.556
|
| $5.495 million | 2021 | Serial | 5% | 115.2
|
| $5.775 million | 2022 | Serial | 5% | 114.496
|
| $6.08 million | 2023 | Serial | 5.25% | 116.726
|
| $6.42 million | 2024 | Serial | 5.25% | 116.142
|
| $6.77 million | 2025 | Serial | 4% | 100
|
| $7.065 million | 2026 | Serial | 4% | 98.505
|
| $5.82 million | 2027 | Serial | 4% | 97.691
|
| $6.055 million | 2028 | Serial | 4.125% | 98.002
|
| $6.3 million | 2029 | Serial | 5% | 110.402
|
| $6.615 million | 2030 | Serial | 5% | 109.681
|
| $6.945 million | 2031 | Serial | 4.5% | 100
|
| $3.925 million | 2033 | Term | 4.375% | 97.503
|
| $6.56 million | 2036 | Term | 4.5% | 97.999
|
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