By Sheri Kasprzak
New York, July 24 - The Missouri Health and Educational Facilities Authority sold $200,785,000 of series 2012A taxable educational facilities revenue bonds for Washington University, according to an official statement.
The bonds (Aaa/AAA/) were sold through Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, Edward D. Jones & Co. LP and Wells Fargo Securities LLC.
The bonds are due 2023, 2027, 2033 and 2047. The 2023 bonds have a 2.391% coupon, the 2027 bonds have a 3.335% coupon, the 2033 bonds have a 3.535% coupon and the 2047 bonds have a 3.685% coupon, all priced at par.
Proceeds will be used to renovate the university's McMillan Hall, construct, furnish and equip the Siteman Cancer Center, construct student housing on the Danforth campus, make other capital improvements on university property and refund the university's series 2003A revenue bonds.
| Issuer: | Missouri Health and Educational Facilities Authority/Washington University
|
| Issue: | Series 2012A taxable educational facilities revenue bonds
|
| Amount: | $200,785,000
|
| Type: | Negotiated
|
| Underwriters: | Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, Edward D. Jones & Co. LP and Wells Fargo Securities LLC (lead)
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Pricing date: | July 18
|
| Settlement date: | Aug. 9
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $20 million | 2023 | Term | 2.391% | 100
|
| $30 million | 2027 | Term | 3.335% | 100
|
| $60 million | 2033 | Term | 3.535% | 100
|
| $90,785,000 | 2047 | Term | 3.685% | 100
|
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