Published on 11/14/2013 in the Prospect News Municipals Daily.
New Issue: Texas A&M University System brings $208.2 million of university bonds
By Sheri Kasprzak
New York, Nov. 14 - The Texas A&M University System sold $208.2 million of series 2013 permanent university fund bonds, said a pricing sheet.
The bonds (Aaa/AAA/AAA) were sold competitively.
The bonds are due 2014 to 2033 with 3% to 5% coupons and have 0.15% to 4.01% yields.
Proceeds will be used to finance capital projects for universities within the system, as well as to refund existing debt.
| Issuer: | Texas A&M University System
|
| Issue: | Series 2013 permanent university fund bonds
|
| Amount: | $208.2 million
|
| Type: | Competitive
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
| Pricing date: | Nov. 14
|
| Settlement date: | Dec. 11
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $19,675,000 | 2014 | Serial | 3% | 101.582 | 0.15%
|
| $19.56 million | 2015 | Serial | 5% | 107.358 | 0.257%
|
| $20.55 million | 2016 | Serial | 5% | 111.493 | 0.47%
|
| $21,565,000 | 2017 | Serial | 5% | 114.845 | 0.76%
|
| $22.63 million | 2018 | Serial | 5% | 117.184 | 1.12%
|
| $7,765,000 | 2019 | Serial | 5% | 118.412 | 1.53%
|
| $8,165,000 | 2020 | Serial | 5% | 118.818 | 1.93%
|
| $8,555,000 | 2021 | Serial | 5% | 119.008 | 2.25%
|
| $8.99 million | 2022 | Serial | 5% | 119.402 | 2.47%
|
| $9.44 million | 2023 | Serial | 5% | 119.628 | 2.66%
|
| $5,145,000 | 2024 | Serial | 4% | 109.296 | 2.88%
|
| $5,355,000 | 2025 | Serial | 3% | 99.805 | 3.02%
|
| $5,515,000 | 2026 | Serial | 4% | 105.695 | 3.30%
|
| $5,735,000 | 2027 | Serial | 4% | 104.443 | 3.45%
|
| $5.96 million | 2028 | Serial | 4% | 103.29 | 3.59%
|
| $6,205,000 | 2029 | Serial | 4% | 102.313 | 3.71%
|
| $6.45 million | 2030 | Serial | 4% | 101.427 | 3.82%
|
| $6,705,000 | 2031 | Serial | 4% | 100.709 | 3.91%
|
| $6,975,000 | 2032 | Serial | 4% | 100.392 | 3.95%
|
| $7.26 million | 2033 | Serial | 4% | 99.863 | 4.01%
|
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