Published on 8/15/2013 in the Prospect News Municipals Daily.
New Issue: Ohio Higher Educational Facility brings $52.39 million of Oberlin bonds
By Sheri Kasprzak
New York, Aug. 15 - The State of Ohio and the Ohio Higher Educational Facility Commission sold $52,395,000 of series 2013 revenue bonds for Oberlin College, according to an official statement.
The bonds (Aa2/AA/) were sold through Morgan Stanley & Co. LLC.
The bonds are due 2016 to 2033 with a term bond due in 2038. The serial coupons range from 3% to 5%. The 2038 bonds have a 5% coupon priced at 100.941.
Proceeds will be used to fund Oberlin College construction and renovation projects and to refund the outstanding series 2003 bonds.
Issuer: | State of Ohio/Ohio Higher Educational Facility Commission/Oberlin College
|
Issue: | Series 2013 revenue bonds
|
Amount: | $52,395,000
|
Type: | Negotiated
|
Underwriters: | Morgan Stanley & Co. LLC (lead), Wells Fargo Securities LLC (co-manager)
|
Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA
|
Pricing date: | Aug. 8
|
Settlement date: | Sept. 12
|
|
Amount | Maturity | Type | Coupon | Price
|
$1.61 million | 2016 | Serial | 3% | 106.340
|
$2.34 million | 2017 | Serial | 3% | 107.058
|
$2.42 million | 2018 | Serial | 4% | 111.913
|
$1.78 million | 2019 | Serial | 4% | 111.831
|
$2,605,000 | 2020 | Serial | 5% | 117.058
|
$2.73 million | 2021 | Serial | 5% | 116.387
|
$2.87 million | 2022 | Serial | 5% | 115.066
|
$3,015,000 | 2023 | Serial | 5% | 114.534
|
$2.26 million | 2024 | Serial | 5% | 112.167
|
$910,000 | 2025 | Serial | 5% | 110.122
|
$950,000 | 2026 | Serial | 4% | 99.394
|
$990,000 | 2027 | Serial | 4% | 98.099
|
$1.03 million | 2028 | Serial | 4.25% | 98.901
|
$4,875,000 | 2030 | Serial | 5% | 104.169
|
$5,115,000 | 2031 | Serial | 5% | 103.513
|
$5.36 million | 2032 | Serial | 4.5% | 97.252
|
$5.61 million | 2033 | Serial | 5% | 102.620
|
$5,925,000 | 2038 | Term | 5% | 100.941
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.