By Sheri Kasprzak
New York, Dec. 15 - The Community Development Authority of the City of Madison, Wis., sold $150 million in series 2009 development revenue bonds, according to an official statement. The bonds were sold for the Wisconsin Alumni Foundation Research Project.
The bonds (/AAA/) were sold through senior manager Merrill Lynch & Co.
The bonds are due 2012 to 2029 with term bonds due 2034, 2039, 2039 and 2039.
The serial coupons range from 2.5% to 5% and yields range from1% to 4.18%. The 2034 bonds have a 5% coupon to yield 4.18%, the 2039 bonds have a 4.5% coupon to yield 4.53%, the 2039 bonds have a 5% coupon to yield 4.28% and the final 2039 bonds have a 4.75% coupon to yield 4.43%.
Proceeds will be used to reimburse the foundation for the construction of a research building at the University of Wisconsin.
| Issuer: | Community Development Authority of the City of Madison/Wisconsin Alumni Foundation Research Project
|
| Issue: | Series 2009 development revenue bonds
|
| Amount: | $150 million
|
| Type: | Negotiated
|
| Underwriter: | Merrill Lynch & Co.
|
| Rating: | Standard & Poor's: AAA
|
| Pricing date: | Dec. 10
|
| Settlement date: | Dec. 17
|
|
|
| Maturity | Type | Coupon | Yield
|
| 2012 | Serial | 2.5% | 1.00%
|
| 2013 | Serial | 3% | 1.25%
|
| 2014 | Serial | 5% | 1.59%
|
| 2015 | Serial | 5% | 1.97%
|
| 2016 | Serial | 5% | 2.24%
|
| 2017 | Serial | 5% | 2.54%
|
| 2018 | Serial | 3% | 2.78%
|
| 2019 | Serial | 5% | 2.97%
|
| 2020 | Serial | 4% | 3.15%
|
| 2021 | Serial | 4% | 3.36%
|
| 2022 | Serial | 5% | 3.37%
|
| 2023 | Serial | 5% | 3.44%
|
| 2024 | Serial | 5% | 3.51%
|
| 2025 | Serial | 5% | 3.59%
|
| 2026 | Serial | 5% | 3.67%
|
| 2027 | Serial | 5% | 3.75%
|
| 2028 | Serial | 5% | 3.83%
|
| 2029 | Serial | 4% | 4.18%
|
| 2034 | Term | 5% | 4.18%
|
| 2039 | Term | 4.5% | 4.53%
|
| 2039 | Term | 5% | 4.28%
|
| 2039 | Term | 5.75% | 4.43%
|
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