By Sheri Kasprzak
New York, Dec. 3 - The Lafayette Public Trust Financing Authority of Louisiana sold on Thursday $100.05 million of series 2010 revenue bonds for Ragin' Cajun Facilities Inc., said a pricing sheet.
The bonds (/AA+/BBB+) were sold through RBC Capital Markets Corp. and Morgan Keegan & Co. Inc.
The bonds are due 2013 to 2021, with term bonds due 2025, 2030, 2035 and 2041. The serial coupons range from 2% to 5.25%. The 2025 bonds have a 5% coupon and priced at 98.452, and the 2030 bonds have a 5.25% coupon and priced at 97.116. The 2035 bonds with a 5.5% coupon priced at 97.611. The 2041 bonds with a 5.5% coupon priced at 98.681.
Proceeds will be used to construct student housing at the University of Louisiana at Lafayette and other facilities for the university.
Based in Lafayette, La., the authority provides funding for educational, housing and other nonprofit projects throughout the city.
| Issuer: | Lafayette Public Trust Financing Authority/Ragin' Cajun Facilities Inc.
|
| Issue: | Series 2010 revenue bonds
|
| Amount: | $100.05 million
|
| Type: | Negotiated
|
| Underwriters: | RBC Capital Markets Corp. and Morgan Keegan & Co. Inc.
|
| Ratings: | Standard & Poor's: AA+
|
| Fitch: BBB+
|
| Pricing date: | Dec. 2
|
| Settlement date: | Dec. 14
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $1.24 million | 2013 | Serial | 2% | 99.405
|
| $1.48 million | 2014 | Serial | 4% | 104.917
|
| $1.7 million | 2015 | Serial | 3% | 100.175
|
| $1.835 million | 2016 | Serial | 3.125% | 99.393
|
| $1.9 million | 2017 | Serial | 3.5% | 99.041
|
| $1.98 million | 2018 | Serial | 5% | 106.498
|
| $2.08 million | 2019 | Serial | 5% | 105.076
|
| $2.19 million | 2020 | Serial | 5.25% | 105.557
|
| $2.3 million | 2021 | Serial | 4.5% | 98.066
|
| $10.42 million | 2025 | Term | 5% | 98.452
|
| $16.435 million | 2030 | Term | 5.25% | 97.116
|
| $21.51 million | 2035 | Term | 5.5% | 97.611
|
| $34.98 million | 2041 | Term | 5.5% | 96.681
|
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