By Sheri Kasprzak
New York, April 8 - The Oklahoma Student Loan Authority sold $211.82 million of series 2013-1 taxable Libor-indexed floating-rate bonds, according to a pricing sheet.
The bonds (/AA+(sf)/AAAsf) were sold through RBC Capital Markets LLC.
The bonds are due Feb. 25, 2032 and bear interest at one-month Libor plus 50 bps priced at 99.769.
Proceeds will be used to current refund the authority's series 2004A-3 bonds and to purchase in lieu of redemption its series 2001A-2 bonds.
| Issuer: | Oklahoma Student Loan Authority
|
| Issue: | Series 2013-1 taxable Libor-indexed floating-rate bonds
|
| Amount: | $211.82 million
|
| Maturity: | Feb. 25, 2032
|
| Coupon: | One-month Libor plus 50 bps
|
| Price: | 99.769
|
| Type: | Negotiated
|
| Underwriter: | RBC Capital Markets LLC (lead)
|
| Ratings: | Standard & Poor's: AA+(sf)
|
| Fitch: AAAsf
|
| Pricing date: | April 1
|
| Settlement date: | April 11
|
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