By Sheri Kasprzak
New York, Jan. 30 - The University of Southern Indiana priced $50.185 million in series J student fee bonds on Wednesday, according to an official statement released Friday.
The bonds (A2/A/) are due 2009 to 2023 with a term bond due 2028. The serials have coupons from 2.5% to 5%. The 2028 bond has a 5.75% coupon, priced at 98.833.
PNC Capital Markets Inc. was the lead manager for the negotiated deal.
Proceeds will be used to construct new projects on campus.
Issuer: | University of Southern Indiana
|
Issue: | Series J student fee bonds
|
Amount: | $50.185 million
|
Type: | Negotiated
|
Underwriter: | PNC Capital Markets Inc.
|
Ratings: | Moody's: A2
|
| Standard & Poor's: A
|
Pricing date: | Jan. 28
|
Settlement date: | Feb. 11
|
|
Maturity | Type | Coupon | Price
|
2009 | Serial | 2.5% | 100.952
|
2010 | Serial | 2.5% | 101.205
|
2011 | Serial | 5% | 107.137
|
2012 | Serial | 5% | 109.187
|
2013 | Serial | 5% | 110.421
|
2014 | Serial | 5% | 111.123
|
2015 | Serial | 3% | 99.401
|
2015 | Serial | 5% | 111.317
|
2016 | Serial | 4% | 104.345
|
2016 | Serial | 5% | 111.035
|
2017 | Serial | 3.45% | 98.891
|
2018 | Serial | 3.7% | 98.639
|
2019 | Serial | 4% | 98.716
|
2019 | Serial | 5% | 107.245
|
2020 | Serial | 4.4% | 98.829
|
2021 | Serial | 4.75% | 99.057
|
2022 | Serial | 5% | 99.505
|
2023 | Serial | 5% | 98.162
|
2028 | Term | 5.75% | 98.833
|
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