Published on 6/4/2013 in the Prospect News Municipals Daily.
New Issue: Texas A&M University offers $296.57 million of revenue financing system bonds
By Sheri Kasprzak
New York, June 4 - The Texas A&M University sold $296,565,000 of series 2013 revenue financing system bonds, according to a pricing sheet.
The deal included $40,955,000 of series 2013A bonds and $255.61 million of series 2013B bonds.
The 2013A bonds are due 2014 to 2022 with 2% to 5% coupons and 0.18% to 2.14% yields.
The 2013B bonds are due 2014 to 2043 with 3% to 5% coupons and 0.18% to 4.04% yields. The 2038 to 2042 bonds were not reoffered.
The bonds (/AAA/AA+) were sold competitively, but the issuer did not respond to requests for the winning bidder Tuesday.
Proceeds will be used to current refund the university's series 2002 and 2003A financing system bonds.
Issuer: | Texas A&M University
|
Issue: | Series 2013 revenue financing system bonds
|
Amount: | $296,565,000
|
Type: | Competitive
|
Ratings: | Standard & Poor's: AAA
|
| Fitch: AA+
|
Pricing date: | June 4
|
Settlement date: | July 3
|
|
$40,955,000 series 2013A bonds
|
Amount | Maturity | Type | Coupon | Price | Yield
|
$7.15 million | 2014 | Serial | 2% | 101.575 | 0.18%
|
$3,165,000 | 2015 | Serial | 3% | 105.021 | 0.30%
|
$3.25 million | 2016 | Serial | 4% | 109.858 | 0.53%
|
$3,375,000 | 2017 | Serial | 4% | 112.281 | 0.77%
|
$3.51 million | 2018 | Serial | 4% | 113.959 | 1.05%
|
$3,655,000 | 2019 | Serial | 4% | 114.654 | 1.39%
|
$3,805,000 | 2020 | Serial | 4% | 115.265 | 1.64%
|
$3.95 million | 2021 | Serial | 5% | 122.386 | 1.92%
|
$9,095,000 | 2022 | Serial | 5% | 122.983 | 2.14%
|
|
$255.61 million series 2013B bonds
|
Amount | Maturity | Type | Coupon | Price | Yield
|
$23.24 million | 2014 | Serial | 3% | 102.44 | 0.18%
|
$11.75 million | 2015 | Serial | 4% | 106.746 | 0.37%
|
$12.34 million | 2016 | Serial | 5% | 112.547 | 0.58%
|
$6.35 million | 2017 | Serial | 5% | 115.917 | 0.81%
|
$6,665,000 | 2018 | Serial | 5% | 118.43 | 1.10%
|
$7,015,000 | 2019 | Serial | 5% | 120.268 | 1.39%
|
$7.36 million | 2020 | Serial | 5% | 121.444 | 1.68%
|
$7.73 million | 2021 | Serial | 5% | 122.223 | 1.94%
|
$8.12 million | 2022 | Serial | 5% | 122.893 | 2.15%
|
$8,505,000 | 2023 | Serial | 5% | 123.709 | 2.30%
|
$8.28 million | 2024 | Serial | 5% | 122.128 | 2.46%
|
$8,705,000 | 2025 | Serial | 4% | 112.297 | 2.58%
|
$9,145,000 | 2026 | Serial | 5% | 119.61 | 2.72%
|
$9,575,000 | 2027 | Serial | 5% | 118.564 | 2.83%
|
$10.06 million | 2028 | Serial | 5% | 117.903 | 2.90%
|
$9,515,000 | 2029 | Serial | 5% | 117.247 | 2.97%
|
$10,005,000 | 2030 | Serial | 5% | 116.689 | 3.03%
|
$10.49 million | 2031 | Serial | 5% | 116.133 | 3.09%
|
$11.04 million | 2032 | Serial | 5% | 115.58 | 3.15%
|
$11,575,000 | 2033 | Serial | 5% | 115.122 | 3.20%
|
$7.29 million | 2034 | Serial | 5% | 114.667 | 3.25%
|
$7,665,000 | 2035 | Serial | 5% | 114.213 | 3.30%
|
$8.04 million | 2036 | Serial | 5% | 113.761 | 3.35%
|
$8.45 million | 2037 | Serial | 5% | 113.402 | 3.39%
|
$8.87 million | 2038 | Serial | NRO | NRO | NRO
|
$3,225,000 | 2039 | Serial | NRO | NRO | NRO
|
$3,385,000 | 2040 | Serial | NRO | NRO | NRO
|
$3.56 million | 2041 | Serial | NRO | NRO | NRO
|
$3.74 million | 2042 | Serial | NRO | NRO | NRO
|
$3.92 million | 2043 | Serial | 4% | 99.305 | 4.04%
|
© 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.