Published on 2/26/2013 in the Prospect News Municipals Daily.
New Issue: Colorado prices $58.24 million of University of Colorado COPs
By Sheri Kasprzak
New York, Feb. 26 - The State of Colorado sold $58,235,000 of series 2013A University of Colorado at Denver and Health Sciences Center Fitzsimmons academic refunding certificates of participation, according to a pricing sheet.
The COPs (Aa2) were sold through Stifel, Nicolaus & Co. Inc.
The certificates are due 2016 to 2017 and 2026 to 2029 with 4% to 5% coupons.
Proceeds will be used to refund the university's series 2005 COPs for debt service savings.
| Issuer: | State of Colorado/University of Colorado at Denver and Health Sciences Center Fitzsimmons
|
| Issue: | Series 2013A academic refunding certificates of participation
|
| Amount: | $58,235,000
|
| Type: | Negotiated
|
| Underwriter: | Stifel, Nicolaus & Co. Inc. (lead)
|
| Rating: | Moody's: Aa2
|
| Pricing date: | Feb. 26
|
| Settlement date: | March 7
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $6.35 million | 2016 | Serial | 5% | 115.077
|
| $6,675,000 | 2017 | Serial | 5% | 118.278
|
| $10,535,000 | 2026 | Serial | 5% | 121.367
|
| $11.02 million | 2027 | Serial | 4% | 109.246
|
| $11.53 million | 2028 | Serial | 5% | 119.625
|
| $12,125,000 | 2029 | Serial | 5% | 118.917
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
