New Issue: Texas A&M University prices $127.7 million revenue bonds

By Sheri Kasprzak

New York, Feb. 16 - The Texas A&M University System priced $127.7 million of series 2011 financing system revenue bonds, according to a pricing sheet.

The bonds (Aaa/AA+/AA+) were sold competitively.

The offering included $22.335 million of series 2011A bonds and $105.365 million of series 2011B bonds.

The 2011A bonds are due 2011 to 2021 with coupons from 2% to 5%. The 2011B bonds are due 2012 to 2034 with term bonds due in 2036 and 2041. The serial coupons range from 3% to 5.5%. The 2036 bonds have a 5% coupon priced at par, and the 2041 bonds have a 5% coupon priced at 98.916.

Proceeds will be used to refund the university system's series 2001A-B bonds.

Issuer:	Texas A&M University System
Issue:	Series 2011 financing system revenue bonds
Amount:	$127.7 million
Type:	Competitive
Ratings:	Moody's: Aaa
	Standard & Poor's: AA+
	Fitch: AA+
Pricing date:	Feb. 15
Settlement date:	March 15
$22.335 million series 2011A
Amount	Maturity	Type	Coupon	Price
$285,000	2011	Serial	2.5%	100.378
	2011	Serial	3%	NRO
	2012	Serial	2%	NRO
$2.73 million	2012	Serial	3%	102.842
$2.635 million	2013	Serial	3%	104.523
	2013	Serial	5%	NRO
	2014	Serial	4%	NRO
$2.725 million	2014	Serial	4%	108.612
	2015	Serial	2.25%	NRO
$2.61 million	2015	Serial	4%	109.199
$2.405 million	2016	Serial	4%	109.742
	2016	Serial	5%	NRO
	2017	Serial	4%	NRO
$1.95 million	2017	Serial	4%	109.257
$1.68 million	2018	Serial	4%	108.227
$1.73 million	2019	Serial	3%	99.637
$1.765 million	2020	Serial	3.25%	99.603
$1.82 million	2021	Serial	3.5%	99.741
$105.365 million series 2011B
Amount	Maturity	Type	Coupon	Price
$1.88 million	2012	Serial	3%	102.842
$1.94 million	2013	Serial	5%	108.832
$2.035 million	2014	Serial	5%	111.722
$2.14 million	2015	Serial	5%	113.217
$2.28 million	2016	Serial	5.5%	117.086
$2.51 million	2017	Serial	5.5%	117.83
$2.73 million	2018	Serial	5.5%	117.947
$2.905 million	2019	Serial	5.5%	117.614
$3.095 million	2020	Serial	5.5%	117.297
$3.29 million	2021	Serial	5.5%	115.327
$3.51 million	2022	Serial	5.5%	113.563
$3.73 million	2023	Serial	5.5%	112.077
$3.98 million	2024	Serial	5.5%	110.857
$4.235 million	2025	Serial	5.25%	107.845
$4.495 million	2026	Serial	5%	104.87
$4.215 million	2027	Serial	4.5%	98.974
$4.46 million	2028	Serial	4.5%	98
$4.705 million	2029	Serial	4.625%	98.842
$4.965 million	2030	Serial	4.625%	98.061
$5.23 million	2031	Serial	4.75%	98.842
$4.115 million	2032	Serial	4.75%	98.288
$4.355 million	2033	Serial	4.75%	98.004
$4.615 million	2034	Serial	4.75%	97.996
$10.065 million	2036	Term	5%	100
$13.885 million	2041	Term	5%	98.916

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