By Sheri Kasprzak
New York, March 4 - The University of Texas System priced $331.415 million in series 2010A revenue finance system bonds on Thursday, according to a pricing sheet.
The bonds (Aaa/AAA/AAA) were sold through Wells Fargo Securities Inc. and Citigroup Global Markets Inc. The co-managers were Estrada Hinojosa & Co. Inc., Fidelity Capital Markets Inc., Jefferies & Co. Inc., Morgan Stanley & Co. Inc. and Morgan Keegan & Co. Inc.
The bonds are due 2012 to 2024 with 3% to 5% coupons.
Proceeds will be used to refinance a portion of the university's commercial paper notes and finance campus improvements.
| Issuer: | University of Texas System
|
| Issue: | Series 2010A revenue finance system bonds
|
| Amount: | $331.415 million
|
| Type: | Negotiated
|
| Underwriters: | Wells Fargo Securities Inc. and Citigroup Global Markets Inc. (lead), Estrada Hinojosa & Co. Inc., Fidelity Capital Markets Inc., Jefferies & Co. Inc., Morgan Stanley & Co. Inc. and Morgan Keegan & Co. Inc. (co-managers)
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
| Pricing date: | March 4
|
| Settlement date: | March 15
|
|
|
| Maturity | Type | Coupon | Price
|
| 2012 | Serial | 4% | 107.902
|
| 2013 | Serial | 5% | 113.617
|
| 2014 | Serial | 5% | 116.151
|
| 2015 | Serial | 3% | 107.039
|
| 2015 | Serial | 5% | 117.316
|
| 2016 | Serial | 5% | 117.447
|
| 2017 | Serial | 4% | 110.772
|
| 2018 | Serial | 3% | 102.463
|
| 2018 | Serial | 5% | 117.405
|
| 2019 | Serial | 4% | 109.412
|
| 2019 | Serial | 5% | 117.598
|
| 2020 | Serial | 3% | 100.086
|
| 2020 | Serial | 5% | 117.833
|
| 2021 | Serial | 4% | 107.171
|
| 2021 | Serial | 5% | 116.072
|
| 2022 | Serial | 5% | 114.969
|
| 2023 | Serial | 5% | 114.059
|
| 2024 | Serial | 4% | 104.146
|
| 2024 | Serial | 5% | 113.248
|
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