Published on 7/17/2012 in the Prospect News Municipals Daily.
New Issue: Dasny sells $48.83 million of downsized bonds for St. John's University
By Sheri Kasprzak
New York, July 17 - The Dormitory Authority of the State of New York priced $48.83 million of series 2012A tax-exempt revenue bonds for St. John's University, according to a pricing sheet.
The bonds were sold through Morgan Stanley & Co. LLC.
The bonds are due 2013 to 2023 and 2026 to 2028 with 2% to 5% coupons.
Proceeds will be used to refund certain maturities of the university's series 1998, 2001A and 2005A bonds and all of the university's series 2008A variable-rate bonds.
Issuer: | Dormitory Authority of the State of New York/St. John's University
|
Issue: | Series 2012A tax-exempt revenue bonds
|
Amount: | $48.83 million
|
Type: | Negotiated
|
Underwriters: | Morgan Stanley & Co. LLC (lead)
|
Pricing date: | July 17
|
Settlement date: | Aug. 9
|
|
Amount | Maturity | Type | Coupon | Price
|
$2,665,000 | 2013 | Serial | 2% | NRO
|
$3,125,000 | 2014 | Serial | 3% | 104.339
|
$3,615,000 | 2015 | Serial | 4% | 108.746
|
$4,045,000 | 2016 | Serial | 5% | 114.702
|
$4.3 million | 2017 | Serial | 5% | 117.022
|
$1.5 million | 2018 | Serial | 5% | 118.617
|
$130,000 | 2019 | Serial | 4% | 113.163
|
$140,000 | 2020 | Serial | 4% | 112.977
|
$145,000 | 2021 | Serial | 4% | 112.829
|
$145,000 | 2022 | Serial | 4% | 112.794
|
$155,000 | 2023 | Serial | 4% | 111.495
|
$9,475,000 | 2026 | Serial | 5% | 117.29
|
$16.23 million | 2027 | Serial | 5% | 117.009
|
$3.16 million | 2028 | Serial | 5% | 116.358
|
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