By Sheri Kasprzak
New York, June 18 - The Curators of the University of Missouri priced $125 million in series FY 2009-2010A capital project notes, according to a pricing sheet released by a sellside source.
The notes (MIG1/SP-1+/), which are due June 30, 2010, were sold on a competitive basis with Citigroup Global Markets Inc. as the winner. The true interest cost came in at 0.39036%. The coupon came in at 2%, priced at par.
There were five bidders for the deal.
Commerce Bank N.A. was the financial adviser.
Proceeds will be used to fund small construction projects and to purchase library books.
The university is based in Columbia, Mo.
| Issuer: | Curators of the University of Missouri
|
| Issue: | Series FY 2009-2010A
|
| Amount: | $125 million
|
| Type: | Competitive
|
| Maturity: | June 30, 2010
|
| Underwriter: | Citigroup Global Markets Inc. (winner)
|
| TIC: | 0.39036%
|
| Coupon: | 2%
|
| Price: | Par
|
| Ratings: | Moody's: MIG1
|
| Standard & Poor's: SP-1+
|
| Pricing date: | June 18
|
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