By Sheri Kasprzak
New York, June 22 - The Kentucky Property and Buildings Commission sold $362.28 million of series 2011 revenue and revenue refunding bonds on Wednesday, said a pricing sheet.
The bonds (Aa3/AA-) were sold through Citigroup Global Markets Inc.
The deal included $349.585 million of series 2011A revenue and revenue refunding bonds and $12.695 million of series 2011B taxable revenue bonds.
The 2011A bonds are due 2013 to 2031 with 2% to 5% coupons. The 2011B bonds are due Aug. 1, 2013 and have a 1.27% coupon priced at par.
Proceeds will be used to fund various public economic development projects, refund existing debt and provide general fund debt service relief in the 2012 fiscal year.
| Issuer: | Kentucky Property and Buildings Commission
|
| Issue: | Series 2011 revenue and revenue refunding bonds
|
| Amount: | $362.28 million
|
| Type: | Negotiated
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Ratings: | Moody's: Aa3
|
| Fitch: AA-
|
| Pricing date: | June 22
|
| Settlement date: | July 7
|
|
|
| $349.585 million series 2011A revenue and revenue refunding bonds
|
| Maturity | Type | Coupon | Price
|
| 2013 | Serial | 2% | 102.247
|
| 2013 | Serial | 3% | 104.289
|
| 2014 | Serial | 2% | 102.067
|
| 2014 | Serial | 3% | 105.063
|
| 2014 | Serial | 4% | 108.059
|
| 2015 | Serial | 2% | 101.252
|
| 2015 | Serial | 3% | 105.167
|
| 2015 | Serial | 4% | 109.081
|
| 2015 | Serial | 5% | 112.996
|
| 2016 | Serial | 2% | 99.759
|
| 2016 | Serial | 4% | 109.337
|
| 2016 | Serial | 5% | 114.125
|
| 2017 | Serial | 3% | 103.024
|
| 2017 | Serial | 4% | 108.628
|
| 2017 | Serial | 5% | 114.231
|
| 2018 | Serial | 3% | 100.952
|
| 2018 | Serial | 4% | 107.312
|
| 2018 | Serial | 5% | 113.671
|
| 2019 | Serial | 3% | 98.867
|
| 2019 | Serial | 5% | 113.009
|
| 2020 | Serial | 4% | 104.645
|
| 2020 | Serial | 5% | 112.391
|
| 2021 | Serial | 4% | 103.521
|
| 2021 | Serial | 5% | 111.911
|
| 2022 | Serial | 3.75% | 99.908
|
| 2022 | Serial | 5% | NRO
|
| 2023 | Serial | 5% | NRO
|
| 2024 | Serial | 4% | 99.293
|
| 2024 | Serial | 5% | NRO
|
| 2025 | Serial | 4.125% | 98.997
|
| 2025 | Serial | 5% | NRO
|
| 2026 | Serial | 5% | NRO
|
| 2027 | Serial | 5% | NRO
|
| 2028 | Serial | 5% | NRO
|
| 2029 | Serial | 5% | NRO
|
| 2030 | Serial | 5% | NRO
|
| 2031 | Serial | 4.7% | 99.482
|
| 2031 | Serial | 5% | NRO
|
|
|
| $12.695 million series 2011B
|
| Maturity | Type | Coupon | Price
|
| Aug. 1, 2013 | Term | 1.27% | 100
|
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