Published on 6/19/2013 in the Prospect News Municipals Daily.
New Issue: Tulane Educational Fund, La., sells $99.16 million Tulane University bonds
By Sheri Kasprzak
New York, June 19 - The Tulane Educational Fund of Louisiana sold $99.16 million of series 2013D taxable refunding revenue bonds, according to a pricing sheet.
The bonds (A2/A/) were sold through Raymond James/Morgan Keegan.
The bonds are due Feb. 15, 2037 and Feb. 15, 2048. The 2037 bonds have a 5.434% coupon and the 2048 bonds have a 5.25% coupon both priced at par.
Proceeds will be used to refund the university's series 2007A-1 and 2007B revenue bonds.
| Issuer: | Tulane Educational Fund/Tulane University
|
| Issue: | Series 2013D taxable refunding revenue bonds
|
| Amount: | $99.16 million
|
| Type: | Negotiated
|
| Underwriters: | Raymond James/Morgan Keegan (lead)
|
| Rating: | Moody's A2
|
| Standard & Poor's: A
|
| Pricing date: | June 19
|
| Settlement date: | June 27
|
|
|
| Maturity | Type | Coupon | Price
|
| Feb. 15, 2037 | Term | 5.434% | 100
|
| Feb. 15, 2048 | Term | 5.25% | 100
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
