By Sheri Kasprzak
New York, Oct. 2 - The Virgin Islands Public Finance Authority priced $51,365,000 of series 2013B senior lien revenue refunding bonds, according to an official statement.
The bonds were sold through lead managers Jefferies & Co. and Bostonia Global Securities LLC.
The bonds are due 2015 to 2016 with a term bond due in 2024. The serial bonds have 3% to 4% coupons and 1.5% to 2% yields. The 2024 bonds have a 5% coupon priced at 106.062 to yield 4.3%.
Proceeds will be used to refund the authority's series 2004A revenue bonds.
| Issuer: | Virgin Islands Public Finance Authority
|
| Issue: | Series 2013B senior lien revenue refunding bonds
|
| Amount: | $51,365,000
|
| Type: | Negotiated
|
| Underwriters: | Jefferies & Co. and Bostonia Global Securities LLC
|
| Pricing date: | Sept. 27
|
| Settlement date: | Oct. 17
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $5.07 million | 2015 | Serial | 3% | 102.879 | 1.5%
|
| $5.25 million | 2016 | Serial | 4% | 105.711 | 2%
|
| $41,045,000 | 2024 | Term | 5% | 106.062 | 4.3%
|
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