By Sheri Kasprzak
New York, March 8 - The Dormitory Authority of the State of New York priced $51.39 million of series 2012B revenue bonds for Rockefeller University, said a pricing sheet.
The bonds (Aa1) were sold through senior manager J.P. Morgan Securities LLC.
The bonds are due 2033, 2034 and 2038. The 2033 bonds have a 5% coupon priced at 115.797, and the 2034 bonds have a 5% coupon priced at 114.854. The 2038 bonds have a split maturity with a 4% coupon priced at par and a 5% coupon priced at 112.812.
Proceeds will be used to finance capital improvements to the university.
| Issuer: | Dormitory Authority of the State of New York/Rockefeller University
|
| Issue: | Series 2012B revenue bonds
|
| Amount: | $51.39 million
|
| Type: | Negotiated
|
| Underwriter: | J.P. Morgan Securities LLC
|
| Rating: | Moody's: Aa1
|
| Pricing date: | March 8
|
| Settlement date: | April 4
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $7.59 million | 2033 | Term | 5% | 115.797
|
| $7.97 million | 2034 | Term | 5% | 114.854
|
| $15 million | 2038 | Term | 4% | 100
|
| $20.83 million | 2038 | Term | 5% | 112.812
|
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