By Sheri Kasprzak
New York, Feb. 3 - The California Educational Facilities Authority priced $79.77 million of series 2011 revenue bonds for the University of San Francisco on Thursday, according to a term sheet.
The bonds (A3) were sold through Bank of America Merrill Lynch.
The bonds are due 2011 to 2021 with term bonds due in 2030 and 2036. The serial coupons range from 3% to 5.5%. The 2030 bonds have a 6.125% coupon priced at 99.708. The 2036 bonds have a 6.125% coupon priced at 98.404.
Proceeds will be used to redeem a portion of the university's series 2005A and 2006 variable-rate revenue refunding bonds.
Issuer: | California Educational Facilities Authority/University of San Francisco
|
Issue: | Series 2011 revenue bonds
|
Amount: | $79.77 million
|
Type: | Negotiated
|
Underwriter: | Bank of America Merrill Lynch
|
Rating: | Moody's: A3
|
Pricing date: | Feb. 3
|
Settlement date: | Feb. 16
|
|
Amount | Maturity | Type | Coupon | Price
|
$2.5 million | 2011 | Serial | 3% | 100.697
|
$2.5 million | 2012 | Serial | 4% | 103.229
|
$500,000 | 2013 | Serial | 3% | 101.464
|
$2 million | 2013 | Serial | 4% | 103.992
|
$2.5 million | 2014 | Serial | 5% | 107.137
|
$2.5 million | 2015 | Serial | 4% | 102.587
|
$2.5 million | 2016 | Serial | 5% | 106.438
|
$2.5 million | 2017 | Serial | 5% | 105.645
|
$2.5 million | 2018 | Serial | 5.25% | 105.649
|
$2.5 million | 2019 | Serial | 5.25% | 104.073
|
$2.5 million | 2020 | Serial | 5.5% | 104.242
|
$14.875 million | 2021 | Serial | 5% | 98.376
|
$9.895 million | 2030 | Term | 6.125% | 99.708
|
$30 million | 2036 | Term | 6.125% | 98.404
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.