Published on 8/28/2012 in the Prospect News Municipals Daily.
New Issue: University of Arkansas prices $60.54 million revenue bonds
By Sheri Kasprzak
New York, Aug. 28 - The University of Arkansas priced $60.54 million of series 2012B various facility revenue bonds, according to a pricing sheet.
The bonds (Aa2) were sold through Crews & Associates Inc. and Stephens Inc.
The bonds are due 2013 to 2032 with 2% to 5% coupons and yields from 0.37% to 3.63%. The 2037 term bond has a 5% coupon to yield 3.45%, and the 2042 term bond has a 5% coupon to yield 3.51%.
Proceeds will be used to make improvements to the Fayetteville campus, including the renovation and equipment of Hotz Hall; the construction, acquisition, and equipment of a housing office; construction, equipment and acquisition of property for the Uptown campus; and the acquisition, construction and equipment of Founders Hall.
| Issuer: | University of Arkansas
|
| Issue: | Series 2012B various facility revenue bonds
|
| Amount: | $60.54 million
|
| Type: | Negotiated
|
| Underwriters: | Crews & Associates Inc. and Stephens Inc.
|
| Rating: | Moody's: Aa2
|
| Pricing date: | Aug. 28
|
| Settlement date: | Sept. 13
|
|
|
| Amount | Maturity | Type | Coupon | Yield
|
| $325,000 | 2013 | Serial | 2% | 0.37%
|
| $1,075,000 | 2014 | Serial | 2% | 0.52%
|
| $1,095,000 | 2015 | Serial | 3% | 0.67%
|
| $1.13 million | 2016 | Serial | 3% | 0.82%
|
| $1.17 million | 2017 | Serial | 3% | 1.07%
|
| $1,205,000 | 2018 | Serial | 3% | 1.42%
|
| $1,245,000 | 2019 | Serial | 4% | 1.72%
|
| $1.3 million | 2020 | Serial | 4% | 1.97%
|
| $1.35 million | 2021 | Serial | 4% | 2.17%
|
| $1.41 million | 2022 | Serial | 5% | 2.34%
|
| $1.48 million | 2023 | Serial | 5% | 2.46%
|
| $1.56 million | 2024 | Serial | 5% | 2.55%
|
| $1.64 million | 2025 | Serial | 5% | 2.66%
|
| $1,725,000 | 2026 | Serial | 5% | 2.73%
|
| $1,815,000 | 2027 | Serial | 5% | 2.80%
|
| $1.9 million | 2028 | Serial | 5% | 2.88%
|
| $2 million | 2029 | Serial | 5% | 2.95%
|
| $2,105,000 | 2030 | Serial | 5% | 3.01%
|
| $2,215,000 | 2031 | Serial | 5% | 3.07%
|
| $2.31 million | 2032 | Serial | 3.5% | 3.63%
|
| $13.35 million | 2037 | Term | 5% | 3.45%
|
| $17,135,000 | 2042 | Term | 5% | 3.51%
|
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