By Sheri Kasprzak
New York, Dec. 8 – The New York State Urban Development Corp. sold $1,143,580,000 of series 2015 general purpose state personal income tax revenue bonds, according to a pricing sheet.
The bonds were sold competitively.
The deal included $906.02 million of series 2015A bonds and $237.56 million of series 2015B taxable bonds.
The 2015A bonds are due 2016 to 2025 and 2036 to 2042 with a term bond due in 2045. The serial bonds have 5% coupons with 0.4% to 3.07% yields. The 2045 bonds have a 5% coupon priced at 115.869 to yield 3.1%.
The 2015B bonds are due 2017 to 2021 with 1.04% to 2.17% coupons, all priced at par.
Proceeds will be used to finance capital projects and refund existing debt.
| Issuer: | New York State Urban Development Corp.
|
| Issue: | Series 2015 general purpose state personal income tax revenue bonds
|
| Amount: | $1,143,580,000
|
| Type: | Competitive
|
| Pricing date: | Dec. 8
|
| Settlement date: | Dec. 17
|
|
|
| $906.02 million series 2015A bonds
|
| Maturity | Type | Coupon | Price | Yield
|
| 2016 | Serial | 5% | 103.415 | 0.40%
|
| 2017 | Serial | 5% | 107.278 | 0.79%
|
| 2018 | Serial | 5% | 110.742 | 1.02%
|
| 2019 | Serial | 5% | 114.187 | 1.12%
|
| 2021 | Serial | 5% | 117.918 | 1.44%
|
| 2022 | Serial | 5% | 119.862 | 1.64%
|
| 2023 | Serial | 5% | 121.413 | 1.83%
|
| 2024 | Serial | 5% | 122.865 | 1.98%
|
| 2025 | Serial | 5% | 124.343 | 2.09%
|
| 2036 | Serial | 5% | 117.432 | 2.93%
|
| 2037 | Serial | 5% | 117.062 | 2.97%
|
| 2038 | Serial | 5% | 116.693 | 3.01%
|
| 2039 | Serial | 5% | 116.601 | 3.02%
|
| 2040 | Serial | 5% | 116.51 | 3.03%
|
| 2041 | Serial | 5% | 116.326 | 3.05%
|
| 2042 | Serial | 5% | 116.143 | 3.07%
|
| 2045 | Term | 5% | 115.869 | 3.10%
|
|
|
| $237.56 million series 2015B taxable bonds
|
| Maturity | Type | Coupon | Price | Yield
|
| 2017 | Serial | 1.04% | 100 | 1.04%
|
| 2018 | Serial | 1.38% | 100 | 1.38%
|
| 2019 | Serial | 1.68% | 100 | 1.68%
|
| 2020 | Serial | 1.97% | 100 | 1.97%
|
| 2021 | Serial | 2.17% | 100 | 2.17%
|
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