By Sheri Kasprzak
New York, Nov. 16 - The Kansas Development Finance Authority sold on Wednesday $53.78 million of series 2011B revenue bonds, according to a term sheet.
The bonds (Aa2/AA) were sold competitively with Piper Jaffray & Co. winning the bid. The true interest cost came out to 3.596631%.
The bonds are due 2012 to 2031 with coupons from 2% to 5%.
Proceeds will be used to provide funds to the Kansas Department of Administration for the renovation, reconstruction and repair of the Kansas State Capitol building.
| Issuer: | Kansas Development Finance Authority
|
| Issue: | Series 2011B revenue bonds
|
| Amount: | $53.78 million
|
| Type: | Competitive
|
| Underwriter: | Piper Jaffray & Co. (winner)
|
| TIC: | 3.596631%
|
| Pricing date: | Nov. 16
|
| Settlement date: | Nov. 30
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $2.68 million | 2012 | Serial | 2% | 100.606
|
| $1.93 million | 2013 | Serial | 3% | 103.17
|
| $1.985 million | 2014 | Serial | 3% | 104.645
|
| $2.045 million | 2015 | Serial | 3% | 105.323
|
| $2.105 million | 2016 | Serial | 3% | 105.73
|
| $2.17 million | 2017 | Serial | 4% | 110.493
|
| $2.26 million | 2018 | Serial | 4% | 110.719
|
| $2.35 million | 2019 | Serial | 5% | 117.201
|
| $2.465 million | 2020 | Serial | 5% | 117.215
|
| $2.59 million | 2021 | Serial | 3% | 100
|
| $2.665 million | 2022 | Serial | 3% | 98.238
|
| $2.745 million | 2023 | Serial | 3.25% | 98.588
|
| $2.835 million | 2024 | Serial | 3.375% | 98.252
|
| $2.93 million | 2025 | Serial | 3.5% | 98.105
|
| $3.035 million | 2026 | Serial | 3.625% | 98.068
|
| $3.145 million | 2027 | Serial | 3.75% | 98.271
|
| $3.26 million | 2028 | Serial | 4% | 100
|
| $3.39 million | 2029 | Serial | 4% | 98.883
|
| $3.525 million | 2030 | Serial | 4% | 98.078
|
| $3.67 million | 2031 | Serial | 4.125% | 98.746
|
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