By Sheri Kasprzak
New York, Aug. 10 - The Virginia College Building Authority priced $272.515 million of series 2011A educational facilities revenue bonds, according to a term sheet.
The bonds were sold competitively with J.P. Morgan Securities LLC winning the bid.
The bonds are due 2013 to 2032 with 3% to 5% coupons.
Proceeds will be used to finance capital projects and acquire equipment for higher educational facilities in Virginia.
| Issuer: | Virginia College Building Authority
|
| Issue: | Series 2011A educational facilities revenue bonds
|
| Amount: | $272.515 million
|
| Type: | Competitive
|
| Underwriter: | J.P. Morgan Securities LLC (winner)
|
| Pricing date: | Aug. 4
|
| Settlement date: | Aug. 16
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $7.69 million | 2013 | Serial | 3% | 103.97
|
| $13.775 million | 2014 | Serial | 4% | 108.643
|
| $14.33 million | 2015 | Serial | 5% | 117.637
|
| $15.045 million | 2016 | Serial | 5% | 117.637
|
| $15.795 million | 2017 | Serial | 5% | 119.318
|
| $16.58 million | 2018 | Serial | 5% | 120.238
|
| $17.415 million | 2019 | Serial | 5% | 120.689
|
| $9.75 million | 2020 | Serial | 5% | 120.901
|
| $10.235 million | 2021 | Serial | 5% | 121.504
|
| $10.75 million | 2022 | Serial | 5% | 119.453
|
| $11.285 million | 2023 | Serial | 5% | 117.895
|
| $11.85 million | 2024 | Serial | 5% | 116.451
|
| $12.44 million | 2025 | Serial | 5% | 115.117
|
| $13.065 million | 2026 | Serial | 5% | 114.325
|
| $13.72 million | 2027 | Serial | 5% | 113.54
|
| $14.405 million | 2028 | Serial | 5% | 112.847
|
| $15.125 million | 2029 | Serial | 4% | 101.178
|
| $15.73 million | 2030 | Serial | 4.5% | 105.191
|
| $16.435 million | 2031 | Serial | 4% | 99.329
|
| $17.095 million | 2032 | Serial | 4% | 98.622
|
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