Published on 2/6/2012 in the Prospect News Municipals Daily.
New Issue: Florida board sells $66.64 million bonds for University of Central Florida
By Sheri Kasprzak
New York, Feb. 6 - The Florida Board of Governors sold $66.64 million of series 2012 revenue bonds for the University of Central Florida, according to a pricing sheet.
The bonds (/A+/A+) were sold competitively.
The bonds are due 2013 to 2032 with term bonds due in 2037 and 2041. The serial coupons range from 2.5% to 5%. The 2037 bonds have a 4.25% coupon priced at 98.765, and the 2041 bonds have a 4.25% coupon priced at 97.526.
Proceeds will be used to construct three residential halls, one fraternity or sorority house and administrative center, to renovate existing facilities and to refund a portion of outstanding bonds.
| Issuer: | Florida Board of Governors/University of Central Florida
|
| Issue: | Series 2012 revenue bonds
|
| Amount: | $66.64 million
|
| Type: | Competitive
|
| Ratings: | Standard & Poor's: A+
|
| Fitch: A+
|
| Pricing date: | Feb. 2
|
| Settlement date: | Feb. 23
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $880,000 | 2013 | Serial | 2.5% | 103.194
|
| $1,735,000 | 2014 | Serial | 3% | 105.661
|
| $1,795,000 | 2015 | Serial | 4% | 110.111
|
| $1,875,000 | 2016 | Serial | 5% | 115.855
|
| $1.97 million | 2017 | Serial | 5% | 117.981
|
| $2.07 million | 2018 | Serial | 5% | 119.02
|
| $2,175,000 | 2019 | Serial | 5% | 119.818
|
| $2,285,000 | 2020 | Serial | 5% | 120.362
|
| $2.41 million | 2021 | Serial | 5% | 120.564
|
| $2.53 million | 2022 | Serial | 5% | 119.156
|
| $2.66 million | 2023 | Serial | 5% | 117.86
|
| $2,775,000 | 2024 | Serial | 3% | 99.27
|
| $2,855,000 | 2025 | Serial | 3% | 97.914
|
| $2.94 million | 2026 | Serial | 3.25% | 99.536
|
| $3,035,000 | 2027 | Serial | 3.25% | 97.718
|
| $3.14 million | 2028 | Serial | 3.5% | 99.498
|
| $3.26 million | 2029 | Serial | 3.5% | 97.934
|
| $3,385,000 | 2030 | Serial | 4% | 101.916
|
| $1,675,000 | 2031 | Serial | 3.75% | 98.493
|
| $1.74 million | 2032 | Serial | 4% | 100
|
| $9,885,000 | 2037 | Term | 4.25% | 98.765
|
| $9,565,000 | 2041 | Term | 4.25% | 97.526
|
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