By Aaron Hochman-Zimmerman
New York, April 2 - The University of Vermont and State Agricultural College priced $82.28 million series 2009 general obligation bonds (A1/A+/), according to Ted Winfield, associate vice president.
The deal priced with an all-in true interest cost of 5.05%.
The bonds carry maturities from 2010 to 2029 with term bonds due 2034 and 2039.
Citigroup Global Markets Inc. acted as lead underwriter for the negotiated deal.
Proceeds will be used to refund existing bonds.
The University of Vermont and State Agricultural College is located in Burlington, Vt.
| Issuer: | University of Vermont and State Agricultural College
|
| Issue: | Series 2009 general obligation bonds
|
| Amount: | $82.28 million
|
| Maturities: | Serial bonds due 2010 to 2029; term bonds due 2034, 2039
|
| All-in TIC: | 5.05%
|
| Type: | Negotiated
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Pricing date: | April 2
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: A+
|
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