By Sheri Kasprzak
New York, Feb. 27 - The Louisiana Public Facilities Authority priced $65.67 million of series 2013B revenue bonds for Tulane University, according to a pricing sheet.
The bonds (A2/A/) were sold through Raymond James/Morgan Keegan.
The bonds are due in 2037 and 2040. The 2037 bonds have a 5% coupon priced at 112.886, and the 2040 bonds have a 4% coupon priced at 100.162.
Proceeds will be used to renovate, construct and acquire campus facilities in New Orleans.
| Issuer: | Louisiana Public Facilities Authority/Tulane University
|
| Issue: | Series 2013B revenue bonds
|
| Amount: | $65.67 million
|
| Type: | Negotiated
|
| Underwriter: | Raymond James/Morgan Keegan (lead)
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A
|
| Pricing date: | Feb. 27
|
| Settlement date: | March 13
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $24.55 million | 2037 | Term | 5% | 112.886
|
| $41.12 million | 2040 | Term | 4% | 100.162
|
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