Published on 4/16/2015 in the Prospect News Municipals Daily.
New Issue: New York University prices $272.69 million of taxable bonds
By Sheri Kasprzak
New York, April 16 – New York University priced $272,685,000 of series 2015 taxable bonds, according to a pricing sheet.
The bonds (Aa3/AA-) were sold through senior managers Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC.
The bonds are due 2016 to 2028 with a term bond due in 2048. The serial coupons range from 0.57% to 3.421%, all priced at par. The 2048 bonds have a 4.142% coupon priced at par.
Proceeds will be used for general corporate purposes.
| Issuer: | New York University
|
| Issue: | Series 2015 taxable bonds
|
| Amount: | $272,685,000
|
| Type: | Negotiated
|
| Underwriters: | Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC
|
| Ratings: | Moody’s: Aa3
|
| Standard & Poor’s: AA-
|
| Pricing date: | April 9
|
| Settlement date: | April 16
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $4,905,000 | 2016 | Serial | 0.57% | 100
|
| $6.89 million | 2017 | Serial | 0.898% | 100
|
| $7.69 million | 2018 | Serial | 1.315% | 100
|
| $8,335,000 | 2019 | Serial | 1.767% | 100
|
| $8,475,000 | 2020 | Serial | 2.017% | 100
|
| $8,655,000 | 2021 | Serial | 2.245% | 100
|
| $8.85 million | 2022 | Serial | 2.545% | 100
|
| $9.07 million | 2023 | Serial | 2.721% | 100
|
| $9.33 million | 2024 | Serial | 2.871% | 100
|
| $9.58 million | 2025 | Serial | 2.971% | 100
|
| $9.87 million | 2026 | Serial | 3.121% | 100
|
| $10,165,000 | 2027 | Serial | 3.271% | 100
|
| $10.5 million | 2028 | Serial | 3.421% | 100
|
| $159.97 million | 2048 | Term | 4.142% | 100
|
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