Published on 4/19/2012 in the Prospect News Municipals Daily.
New Issue: University of Missouri sells $105.16 million of system facilities bonds
By Sheri Kasprzak
New York, April 19 - The Curators of the University of Missouri priced $105,155,000 of series 2012A system facilities revenue bonds, according to a pricing sheet.
The bonds (Aa1/AA+/) were sold through J.P. Morgan Securities LLC and Bank of America Merrill Lynch. The co-managers were Stifel, Nicolaus & Co. Inc. and George K. Baum & Co.
The bonds are due in 2019 and have a split maturity with a 3% coupon priced at 110.002 and a 5% coupon priced at 124.09.
Proceeds will be used to refund the university's series 2003A-B, 2006A and 2007A revenue bonds.
| Issuer: | Curators of the University of Missouri
|
| Issue: | Series 2012A system facilities revenue bonds
|
| Amount: | $105,155,000
|
| Type: | Negotiated
|
| Underwriters: | J.P. Morgan Securities LLC and Bank of America Merrill Lynch (lead), Stifel, Nicolaus & Co. Inc. and George K. Baum & Co. (co-managers)
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA+
|
| Pricing date: | April 19
|
| Settlement date: | May 2
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $5,275,000 | 2019 | Term | 3% | 110.002
|
| $99.88 million | 2019 | Term | 5% | 124.09
|
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