By Sheri Kasprzak
New York, Sept. 10 - The Board of Regents of the University of Texas priced $250 million 30-year series 2009A Build America Bonds for the Texas Permanent University Fund, according to a pricing sheet.
The 5.262% bonds (Aaa/AAA/AAA) were priced at par.
Barclays Capital Inc. was the lead manager.
Proceeds will be used to refund all of the university fund's commercial paper notes.
| Issuer: | Board of Regents of the University of Texas/Texas Permanent University Fund
|
| Issue: | Series 2009A Build America Bonds
|
| Amount: | $250 million
|
| Maturity: | 2039
|
| Coupon: | 5.262%
|
| Price: | Par
|
| Yield: | 5.262%
|
| Type: | Negotiated
|
| Underwriter: | Barclays Capital Inc.
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
| Pricing date: | Sept. 10
|
| Settlement date: | Sept. 17
|
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