By Sheri Kasprzak
New York, Sept. 30 - The Oklahoma Student Loan Authority sold $276.23 million of series 2010A student loan tax-exempt Libor floating-rate bonds on Thursday, said a pricing sheet.
The offering included $132.545 million of series 2010A-1 bonds, $99.455 million of series 2010A-2A bonds and $44.23 million of series 2010A-2B bonds.
The 2010A-1 bonds are due Sept. 3, 2024 and were priced at par. The 2010A-2A bonds are due Sept. 1, 2037 and were priced at 97.898. The 2010A-2B bonds are due Sept. 1, 2037 and were priced at par.
Bank of America Merrill Lynch was the senior manager for the bonds (/AAA/AAA).
Proceeds will be used to refund the authority's series 1996 bonds and fund the initial specified debt service balance.
Issuer: | Oklahoma Student Loan Authority
|
Issue: | Series 2010A student loan tax-exempt Libor floating-rate bonds
|
Amount: | $276.23 million
|
Type: | Negotiated
|
Underwriter: | Bank of America Merrill Lynch
|
Ratings: | Standard & Poor's: AAA
|
| Fitch: AAA
|
Pricing date; | Sept. 30
|
Settlement date: | Oct. 5
|
|
Series 2010A-1
|
Amount | Maturity | Type | Coupon | Price
|
$132.545 million Sept. 3, 2024 | Term | Libor | 100
|
|
Series 2010A-2A
|
Amount | Maturity | Type | Coupon | Price
|
$99.455 million | Sept. 1, 2037 | Term | Libor | 100
|
|
Series 2010A-2B
|
Amount | Maturity | Type | Coupon | Price
|
$44.23 million | Sept. 1, 2037 | Term | Libor | 97.898
|
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