By Sheri Kasprzak
New York, Sept. 22 - The Tennessee State School Bond Authority priced $212.44 million in series 2010 qualified school construction bonds on Wednesday, said a pricing sheet.
The bonds are due Sept. 15, 2027 and have a 4.848% coupon priced at par.
Barclays Capital Inc. and Citigroup Global Markets Inc. were the lead managers. The co-managers were Goldman, Sachs & Co., J.P. Morgan Securities Inc., Morgan Keegan & Co. Inc., Morgan Stanley & Co. Inc., RBC Capital Markets Corp., and Siebert Brandford Shank & Co. LLC.
Proceeds will be used to construct and renovate schools throughout the state.
The Nashville-based authority finances new school construction and school renovations.
| Issuer: | Tennessee State School Bond Authority
|
| Issue: | Series 2010 qualified school construction bonds
|
| Amount: | $212.44 million
|
| Maturity: | Sept. 15, 2027
|
| Coupon: | 4.848%
|
| Price: | Par
|
| Type: | Negotiated
|
| Underwriters: | Barclays Capital Inc. and Citigroup Global Markets Inc. (leads), Goldman, Sachs & Co., J.P. Morgan Securities Inc., Morgan Keegan & Co. Inc., Morgan Stanley & Co. Inc., RBC Capital Markets Corp. and Siebert Brandford Shank & Co. LLC (co-managers)
|
| Pricing date: | Sept. 22
|
| Settlement date: | Oct. 7
|
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