Published on 5/23/2013 in the Prospect News Municipals Daily.
New Issue: Ohio University offers $145.17 million general receipt bonds through Barclays
By Sheri Kasprzak
New York, May 23 - The Ohio University sold $145.17 million of series 2013 general receipts bonds, according to a pricing sheet.
The bonds (Aa3/A+/) were sold through Barclays and Goldman, Sachs & Co.
The bonds are due 2013 to 2033 with term bonds due in 2036, 2039 and 2043. The serial coupons range from 2% to 5% with 0.17% to 3.34% yields. The 2036 bonds have a 5% coupon priced at 112.107 to yield 3.49% and the 2039 bonds have a 5% coupon priced at 111.168 to yield 3.6%. The 2043 bonds have a 5% coupon priced at 110.575 to yield 3.67%.
Proceeds will be used to refinance construction projects and refund the university's series 2001 bonds.
Issuer: | Ohio University
|
Issue: | Series 2013 general receipts bonds
|
Amount: | $145.17 million
|
Type: | Negotiated
|
Underwriters: | Barclays and Goldman, Sachs & Co. (lead), Huntington Investment Co., PNC Capital Markets LLC and Rice Financial Products Co. (co-managers)
|
Ratings: | Moody's: Aa3
|
| Standard & Poor's: A+
|
Pricing date: | May 23
|
Settlement date: | June 5
|
|
Amount | Maturity | Type | Coupon | Price | Yield
|
$2,225,000 | 2013 | Serial | 2% | 100.893 | 0.17%
|
$5.61 million | 2014 | Serial | 5% | 106.914 | 0.34%
|
$4.24 million | 2015 | Serial | 5% | 111.064 | 0.52%
|
$4,445,000 | 2016 | Serial | 5% | 114.533 | 0.77%
|
$2,395,000 | 2017 | Serial | 3% | 108.574 | 1.04%
|
$2,465,000 | 2018 | Serial | 3% | 108.811 | 1.33%
|
$2,525,000 | 2019 | Serial | 3% | 108.274 | 1.65%
|
$2,615,000 | 2020 | Serial | 4% | 114.444 | 1.92%
|
$2,715,000 | 2021 | Serial | 4% | 114.201 | 2.16%
|
$2,835,000 | 2022 | Serial | 5% | 122.326 | 2.36%
|
$4.95 million | 2023 | Serial | 5% | 121.19 | 2.48%
|
$5.19 million | 2024 | Serial | 5% | 119.601 | 2.65%
|
$5.46 million | 2025 | Serial | 5% | 118.587 | 2.76%
|
$5,685,000 | 2026 | Serial | 4% | 106.417 | 3.21%
|
$5.49 million | 2027 | Serial | 4% | 105.746 | 3.29%
|
$5.72 million | 2028 | Serial | 4% | 105.079 | 3.37%
|
$5.96 million | 2029 | Serial | 4% | 104.418 | 3.45%
|
$6,195,000 | 2030 | Serial | 4% | 103.925 | 3.51%
|
$6.48 million | 2031 | Serial | 5% | 114.454 | 3.22%
|
$750,000 | 2032 | Serial | 3.5% | 98.194 | 3.63%
|
$3.12 million | 2032 | Serial | 5% | 113.927 | 3.28%
|
$4.06 million | 2033 | Serial | 5% | 113.404 | 3.34%
|
$13.49 million | 2036 | Term | 5% | 112.107 | 3.49%
|
$15.66 million | 2039 | Term | 5% | 111.168 | 3.60%
|
$24.89 million | 2043 | Term | 5% | 110.575 | 3.67%
|
© 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.