New Issue: Texas A&M University prices $139.35 million of financing system bonds

By Sheri Kasprzak

New York, July 15 – Texas A&M University sold $139.35 million of series 2016E revenue financing system bonds, according to a pricing sheet.

The bonds (Aaa) were sold through Estrada Hinojosa & Co. Inc.

The bonds are due 2017 to 2035 with 2% to 5% coupons and yields from 0.64% to 2.31%.

Proceeds will be used to finance capital improvements to the university.

Issuer:	Texas A&M University
Issue:	Series 2016E financing system bonds
Amount:	$139.35 million
Type:	Negotiated
Underwriter:	Estrada Hinojosa & Co. Inc.
Rating:	Moody’s: Aaa
Pricing date:	July 14
Settlement date:	July 20
Amount	Maturity	Type	Coupon	Price	Yield
$985,000	2017	Serial	2%	101.109	0.64%
$9.94 million	2020	Serial	5%	115.603	0.84%
$10,425,000	2021	Serial	5%	118.929	0.97%
$10,935,000	2022	Serial	5%	121.609	1.15%
$11,505,000	2023	Serial	5%	124.29	1.27%
$12,065,000	2024	Serial	5%	126.743	1.38%
$12,655,000	2025	Serial	5%	129.001	1.48%
$12.18 million	2026	Serial	5%	131.097	1.57%
$12,805,000	2027	Serial	4%	119.817	1.79%
$13.3 million	2028	Serial	3%	108.966	1.99%
$13,725,000	2029	Serial	3%	107.486	2.15%
$11,625,000	2030	Serial	3%	106.119	2.30%
$1.34 million	2031	Serial	3%	104.772	2.45%
$1.38 million	2032	Serial	4%	116.295	2.15%
$1,435,000	2033	Serial	4%	115.624	2.22%
$1,495,000	2034	Serial	4%	115.148	2.27%
$1,555,000	2035	Serial	4%	114.768	2.31%

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