By Sheri Kasprzak
New York, March 6 - The Virginia College Building Authority sold $160,445,000 of series 2012A educational facilities revenue refunding bonds, according to a pricing sheet.
The bonds (Aa1//AA+) were sold competitively with Bank of America Merrill Lynch winning the bid.
The bonds are due 2014 to 2030 with 2.75% to 5% coupons.
Proceeds will be used to refund debt issued for Christopher Newport University, College of William & Mary, George Mason University, Longwood University, Norfolk State University, Old Dominion University, University of Mary Washington, Virginia Commonwealth University, Virginia Community College System, Virginia Polytechnic Institute and State University and Virginia State University.
| Issuer: | Virginia College Building Authority
|
| Issue: | Series 2012A educational facilities revenue refunding bonds
|
| Amount: | $160,445,000
|
| Type: | Competitive
|
| Underwriter: | Bank of America Merrill Lynch (winner)
|
| Ratings: | Moody's: Aa1
|
| Fitch: AA+
|
| Pricing date: | March 6
|
| Settlement date: | March 29
|
|
|
| Maturity | Type | Coupon | Price
|
| 2014 | Serial | 5% | 110.922
|
| 2015 | Serial | 5% | 114.698
|
| 2016 | Serial | 5% | 118.403
|
| 2017 | Serial | 5% | 121.235
|
| 2018 | Serial | 5% | 122.725
|
| 2019 | Serial | 5% | 123.467
|
| 2020 | Serial | 5% | 124.02
|
| 2021 | Serial | 5% | 124.769
|
| 2022 | Serial | 5% | 125.525
|
| 2023 | Serial | 5% | 124.264
|
| 2024 | Serial | 3% | 102.708
|
| 2025 | Serial | 2.75% | 99.442
|
| 2026 | Serial | 3% | 100.892
|
| 2027 | Serial | 3% | 100
|
| 2028 | Serial | 3% | 98.719
|
| 2029 | Serial | 3.125% | 99.002
|
| 2030 | Serial | 3.25% | 99.312
|
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