By Sheri Kasprzak
New York, Aug. 26 - The Utah State Building Ownership Authority priced $126.755 million in series 2009 lease revenue bonds (Aa2/AA+/) Wednesday, according to a pricing sheet.
The bonds were sold through Barclays Capital Inc.
The deal included $8.445 million in series 2009B bonds, $16.715 million series 2009C bonds, $12.125 million in series 2009D bonds and $89.47 million in series 2009E bonds.
The 2009B bonds are due 2012 to 2019 and have coupons from 3% to 5%. The 2009C bonds are due 2024 and 2029 with 5.294% and 5.768% coupons, respectively, both priced at par. The 2009D bonds are due 2014 to 2017 with 5% coupons across the board. The 2009E bonds are due 2020 to 2024 with term bonds due 2018 and 2030. The serials have coupons5.054% to 5.544% coupons, all priced at par. The 2018 bonds have a 4.624% coupon, priced at par, and the 2030 bonds have a 5.768% coupon, priced at par.
Proceeds will be used to acquire real estate, as well as to construct, acquire and improve existing facilities.
| Issuer: | Utah State Building Ownership Authority
|
| Issue: | Series 2009 lease revenue bonds
|
| Amount: | $126.755 million
|
| Type: | Negotiated
|
| Underwriter: | Barclays Capital Inc. (lead)
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA+
|
| Pricing date: | Aug. 26
|
| Settlement date: | Sept. 9
|
|
|
| Series 2009B bonds
|
| Maturity | Type | Coupon | Price
|
| 2012 | Serial | 3% | 103.903
|
| 2013 | Serial | 5% | 111.126
|
| 2014 | Serial | 5% | 112.345
|
| 2015 | Serial | 5% | 113.562
|
| 2016 | Serial | 5% | 114.106
|
| 2017 | Serial | 5% | 114.145
|
| 2018 | Serial | 5% | 114.036
|
| 2019 | Serial | 5% | 113.722
|
|
|
| Series 2009C bonds
|
| Maturity | Type | Coupon | Price
|
| 2024 | Term | 5.294% | Par
|
| 2029 | Term | 5.768% | Par
|
|
|
| Series 2009D bonds
|
| Maturity | Type | Coupon | Price
|
| 2014 | Serial | 5% | 112.345
|
| 2015 | Serial | 5% | 113.562
|
| 2016 | Serial | 5% | 114.106
|
| 2017 | Serial | 5% | 114.145
|
|
|
| Series 2009E bonds
|
| Maturity | Type | Coupon | Price
|
| 2020 | Serial | 5.054% | Par
|
| 2021 | Serial | 5.244% | Par
|
| 2022 | Serial | 5.344% | Par
|
| 2023 | Serial | 5.444% | Par
|
| 2024 | Serial | 5.544% | Par
|
| 2018 | Term | 4.624% | Par
|
| 2030 | Term | 5.768% | Par
|
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