By Sheri Kasprzak
New York, Dec. 3 - The Tennessee State School Bond Authority priced $177 million in series 2009 qualified school construction bonds, according to a term sheet.
The bonds (Aa3/AA/) were sold through Barclays Capital Inc.
The bonds are due 2026 and have a 1.515% coupon, priced at par.
Proceeds will be used to fund the construction of qualified schools.
| Issuer: | Tennessee State School Bond Authority
|
| Issue: | Series 2009 qualified school construction bonds
|
| Amount: | $177 million
|
| Maturity: | 2026
|
| Coupon: | 1.515%
|
| Price: | Par
|
| Type: | Negotiated
|
| Underwriter: | Barclays Capital Inc.
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA
|
| Pricing date: | Dec. 3
|
| Settlement date: | Dec. 17
|
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