Published on 4/17/2012 in the Prospect News Municipals Daily.
New Issue: Virginia College Building Authority sells $335.08 million revenue bonds
By Sheri Kasprzak
New York, April 17 - The Virginia College Building Authority priced $335,075,000 of 21st Century College and Equipment Programs series 2012A educational facilities revenue bonds, said a pricing sheet.
The bonds were sold competitively with Citigroup Global Markets Inc. winning the bid with a 2.856% true interest cost, said Evelyn Whitley, the debt manager for the Virginia Treasurer's Office.
The bonds are due 2013 to 2032 with 3% to 5% coupons.
Proceeds will be used to finance capital improvements and equipment purchases at higher educational facilities within the commonwealth.
| Issuer: | Virginia College Building Authority
|
| Issue: | 21st Century College and Equipment Programs series 2012A educational facilities revenue bonds
|
| Amount: | $335,075,000
|
| Type: | Competitive
|
| Underwriter: | Citigroup Global Markets Inc. (winner)
|
| TIC: | 2.856%
|
| Pricing date: | April 17
|
| Settlement date: | May 3
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $18,635,000 | 2013 | Serial | 3% | 102.096
|
| $15.34 million | 2014 | Serial | 5% | 108.024
|
| $16.1 million | 2015 | Serial | 5% | 112.016
|
| $16.91 million | 2016 | Serial | 5% | 115.541
|
| $17.75 million | 2017 | Serial | 5% | 118.641
|
| $18,645,000 | 2018 | Serial | 5% | 121.03
|
| $19,575,000 | 2019 | Serial | 5% | 122.728
|
| $12.19 million | 2020 | Serial | 5% | 123.684
|
| $12.8 million | 2021 | Serial | 5% | 124.499
|
| $13.44 million | 2022 | Serial | 5% | 125.131
|
| $14,115,000 | 2023 | Serial | 5% | 123.446
|
| $14.82 million | 2024 | Serial | 5% | 122.079
|
| $15.56 million | 2025 | Serial | 5% | 120.729
|
| $16.34 million | 2026 | Serial | 5% | 119.586
|
| $17,155,000 | 2027 | Serial | 3% | 98.82
|
| $17.67 million | 2028 | Serial | 4% | 107.341
|
| $18,375,000 | 2029 | Serial | 4% | 106.217
|
| $19.11 million | 2030 | Serial | 4% | 105.788
|
| $19,875,000 | 2031 | Serial | 4% | 105.361
|
| $20.67 million | 2032 | Serial | 4% | 104.852
|
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