By Sheri Kasprzak
New York, May 6 - The Texas A&M University sold $239.47 million of series 2010 revenue financing system bonds on Thursday, said a sellside source.
The bonds (Aa1/AA+/AA+) were sold on a negotiated basis with Barclays Capital Inc. as the senior manager.
The deal included $93.36 million of series 2010A bonds and $146.11million of series 2010B bonds.
The 2010A bonds are due 2012 to 2029 with yields from 0.8% to 4.35%. The 2010B bonds are due 2011 to 2039 with yields from 0.8% to 4.27% yields.
Proceeds will be used to fund capital projects.
The university is based in College Station, Texas.
| Issuer: | Texas A&M University
|
| Issue: | Series 2010 revenue financing system bonds
|
| Amount: | $239.47 million
|
| Type: | Negotiated
|
| Underwriter: | Barclays Capital Inc. (lead)
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA+
|
| Fitch: AA+
|
| Pricing date: | May 6
|
|
|
| Series 2010A
|
| Maturities: | 2012 to 2029
|
| Yields: | 0.8% to 4.35%
|
|
|
| Series 2010B
|
| Maturities: | 2011 to 2039
|
| Yields: | 0.8% to 4.27%
|
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