New Issue: New Jersey Educational brings $200 million Princeton University bonds

By Sheri Kasprzak

New York, Jan. 9 - The New Jersey Educational Facilities Authority priced $200 million of series 2014A revenue bonds for Princeton University, according to a pricing sheet.

The bonds (Aaa/AAA/) were sold competitively.

The bonds are due 2016 to 2029 with a term bond due in 2044. The serial coupons range from 4% to 5% with 0.385% to 3.55% yields. The 2044 bonds have a 5% coupon priced at 107.414 to yield 4.12%.

Proceeds will be used to finance capital improvements at the university.

Issuer:	New Jersey Educational Facilities Authority/Princeton University
Issue:	Series 2014A revenue bonds
Amount:	$200 million
Type:	Competitive
Ratings:	Moody's: Aaa
	Standard & Poor's: AAA
Pricing date:	Jan. 8
Settlement date:	Jan. 16
Amount	Maturity	Type	Coupon	Price	Yield
$2,585,000	2016	Serial	5%	111.28	0.385%
$2.69 million	2017	Serial	5%	114.925	0.63%
$2.79 million	2018	Serial	5%	117.446	0.99%
$2,905,000	2019	Serial	5%	118.969	1.38%
$3.02 million	2020	Serial	5%	119.427	1.80%
$3.14 million	2021	Serial	4%	112.905	2.12%
$3.27 million	2022	Serial	5%	119.71	2.41%
$3.4 million	2023	Serial	5%	119.915	2.61%
$3.53 million	2024	Serial	5%	120.328	2.75%
$3.71 million	2025	Serial	5%	118.926	2.89%
$29.44 million	2026	Serial	5%	118.035	2.98%
$29.63 million	2027	Serial	4%	106.695	3.24%
$29.84 million	2028	Serial	4%	105.422	3.38%
$30.05 million	2029	Serial	4%	103.901	3.55%
$50 million	2044	Term	5%	107.414	4.12%

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