By Sheri Kasprzak
New York, May 10 - The Kansas Development Finance Authority sold $51.62 million of series 2011A Kansas revolving fund revenue bonds for the Kansas Department of Health and Environment, said Rebecca Floyd, the authority's executive vice president.
The bonds were sold competitively with Barclays Capital Inc. winning the bid with a 3.9% true interest cost.
The bonds (/AAA/AAA) are due 2013 to 2017 and 2023 to 2031 with coupons from 2% to 4.2%.
Proceeds will be used to fund existing loan commitments to the Kansas Department of Health and Environment under its drinking water loan fund.
| Issuer: | Kansas Development Finance Authority/Kansas Department of Health and Environment
|
| Issue: | Series 2011A Kansas revolving fund revenue bonds
|
| Amount: | $51.62 million
|
| Type: | Competitive
|
| Underwriter: | Barclays Capital Inc. (winner)
|
| True interest cost: | 3.9%
|
| Ratings: | Standard & Poor's: AAA
|
| Fitch: AAA
|
| Pricing date: | May 10
|
| Settlement date: | May 24
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $75,000 | 2013 | Serial | 2% | 102.442
|
| $260,000 | 2014 | Serial | 2% | 102.862
|
| $360,000 | 2015 | Serial | 2% | 102.677
|
| $1.365 million | 2016 | Serial | 2% | 102.431
|
| $1.38 million | 2017 | Serial | 2% | 101.585
|
| $6.66 million | 2023 | Serial | 4% | 104.828
|
| $6.88 million | 2024 | Serial | 4% | 103.578
|
| $2.265 million | 2025 | Serial | 4% | 102.549
|
| $4.225 million | 2026 | Serial | 4% | 101.734
|
| $7.57 million | 2027 | Serial | 4% | 101.061
|
| $6.395 million | 2028 | Serial | 4% | 100
|
| $5.715 million | 2029 | Serial | 4% | 99.003
|
| $4.87 million | 2030 | Serial | 4.1% | 98.999
|
| $3.6 million | 2031 | Serial | 4.2% | 99
|
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