By Sheri Kasprzak
New York, Aug. 10 - The West Haymarket Joint Public Agency of Nebraska, which includes the City of Lincoln and the Board of Regents of the University of Nebraska, priced $100 million of series 2011 general obligation facility bonds, according to a pricing sheet.
The bonds (Aa1/AAA) were sold competitively with Bank of America Merrill Lynch winning the bid. The true interest cost came in at 4.26605%.
The bonds are due 2021 to 2032 with term bonds due in 2036 and 2042. The serial coupons range from 4% to 5%. The 2036 bonds have a 4.25% coupon priced at 98.168, and the 2042 bonds have a 5% coupon priced at 106.89.
Proceeds will be used to construct a 16,000-seat multi-purpose arena in the West Haymarket district of Lincoln, Neb.
| Issuer: | West Haymarket Joint Public Agency
|
| Issue: | Series 2011 general obligation facility bonds
|
| Amount: | $100 million
|
| Type: | Competitive
|
| Underwriter: | Bank of America Merrill Lynch
|
| TIC: | 4.26605%
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AAA
|
| Pricing date: | Aug. 9
|
| Settlement date: | Aug. 24
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $3.115 million | 2021 | Serial | 5% | 121.778
|
| $3.19 million | 2022 | Serial | 5% | 119.973
|
| $3.275 million | 2023 | Serial | 5% | 118.298
|
| $3.37 million | 2024 | Serial | 5% | 116.939
|
| $3.47 million | 2025 | Serial | 5% | 115.789
|
| $3.575 million | 2026 | Serial | 5% | 114.936
|
| $3.695 million | 2027 | Serial | 3.5% | 97.923
|
| $3.82 million | 2028 | Serial | 4% | 102.03
|
| $3.965 million | 2029 | Serial | 4% | 101.261
|
| $4.115 million | 2030 | Serial | 4% | 100.499
|
| $4.27 million | 2031 | Serial | 4% | 99.17
|
| $4.43 million | 2032 | Serial | 4% | 98.304
|
| $19.585 million | 2036 | Term | 4.25% | 98.168
|
| $36.125 million | 2042 | Term | 5% | 106.89
|
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