By Sheri Kasprzak
New York, Oct. 27 - The University of Alabama at Birmingham priced $141.675 million in series 2010 general revenue bonds, according to a pricing sheet.
The bonds were sold on a competitive basis Wednesday, but calls to the issuer were not returned by press time.
The sale included $53.57 million in series 2010A bonds, $52.245 million in series 2010B bonds and $35.68 million in series 2010C bonds.
The 2010A bonds are due 2011 to 2034 with term bonds due 2037 and 2040. Serial coupons range from 2% to 5%. The 2037 bonds have a 4.375% coupon priced at 98.826. The 2040 bonds have a 4.5% coupon priced at par.
The 2010B bonds are due 2011 to 2030 with term bonds due 2034 and 2040. The serial coupons range from 1% to 5.2%, all priced at par. The 2034 bonds have a 5.75% coupon priced at par, and the 2040 bonds have a 5.8% coupon priced at 98.596.
The 2010C bonds are due 2011 to 2027 with 2% to 5% coupons.
Proceeds will be used to construct a steam plant at the university and refund its series 2001 bonds.
| Issuer: | University of Alabama at Birmingham
|
| Issue: | Series 2010 general revenue bonds
|
| Amount: | $141.675 million
|
| Type: | Competitive
|
| Pricing date: | Oct. 27
|
| Settlement date: | Nov. 10
|
|
|
| $53.75 million series 2010A
|
| Maturity | Type | Coupon | Price
|
| 2011 | Serial | 2% | 101.377
|
| 2012 | Serial | 2% | 102.533
|
| 2013 | Serial | 2% | 103.132
|
| 2014 | Serial | 3% | 106.626
|
| 2015 | Serial | 3% | 106.804
|
| 2016 | Serial | 5% | 117.504
|
| 2017 | Serial | 5% | 118.162
|
| 2018 | Serial | 5% | 118.194
|
| 2019 | Serial | 5% | 117.638
|
| 2020 | Serial | 3% | 100
|
| 2021 | Serial | 3.25% | NRO
|
| 2022 | Serial | 3.25% | 99.023
|
| 2023 | Serial | 3.5% | NRO
|
| 2024 | Serial | 3.5% | 99.452
|
| 2025 | Serial | 3.75% | NRO
|
| 2026 | Serial | 4% | NRO
|
| 2027 | Serial | 4% | NRO
|
| 2028 | Serial | 4% | NRO
|
| 2029 | Serial | 4% | 99.733
|
| 2030 | Serial | 4% | 98.645
|
| 2031 | Serial | 4.125% | 99.235
|
| 2032 | Serial | 4.25% | 100
|
| 2033 | Serial | 4.25% | 99.128
|
| 2034 | Serial | 4.25% | 98.373
|
| 2037 | Term | 4.375% | 98.826
|
| 2040 | Term | 4.5% | 100
|
|
|
| $52.245 million series 2010B
|
| Maturity | Type | Coupon | Price
|
| 2011 | Serial | 1% | 100
|
| 2012 | Serial | 1.2% | 100
|
| 2013 | Serial | 1.5% | 100
|
| 2014 | Serial | 1.75% | 100
|
| 2015 | Serial | 2% | 100
|
| 2016 | Serial | 2.5% | 100
|
| 2017 | Serial | 3% | 100
|
| 2018 | Serial | 3.25% | 100
|
| 2019 | Serial | 3.5% | 100
|
| 2020 | Serial | 3.75% | 100
|
| 2021 | Serial | 4% | 100
|
| 2022 | Serial | 4.2% | 100
|
| 2023 | Serial | 4.4% | 100
|
| 2024 | Serial | 4.6% | 100
|
| 2025 | Serial | 4.7% | 100
|
| 2026 | Serial | 4.9% | 100
|
| 2027 | Serial | 5% | 100
|
| 2028 | Serial | 5.1% | 100
|
| 2029 | Serial | 5.15% | 100
|
| 2030 | Serial | 5.2% | 100
|
| 2034 | Term | 5.75% | 100
|
| 2040 | Term | 5.8% | 98.596
|
|
|
| $35.68 million series 2010C
|
| Maturity | Type | Coupon | Price
|
| 2011 | Serial | 2% | 101.377
|
| 2012 | Serial | 2% | 102.533
|
| 2013 | Serial | 2% | 103.132
|
| 2014 | Serial | 4% | 110.413
|
| 2015 | Serial | 5% | 116.19
|
| 2016 | Serial | 5% | 117.504
|
| 2017 | Serial | 5% | 118.162
|
| 2018 | Serial | 5% | 118.194
|
| 2019 | Serial | 3% | 101.958
|
| 2020 | Serial | 3.25% | 102.124
|
| 2021 | Serial | 3.25% | NRO
|
| 2022 | Serial | 3.5% | NRO
|
| 2023 | Serial | 3.5% | NRO
|
| 2024 | Serial | 3.5% | 99.452
|
| 2025 | Serial | 4% | NRO
|
| 2026 | Serial | 4% | NRO
|
| 2027 | Serial | 4% | NRO
|
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