By Sheri Kasprzak
New York, Dec. 9 - The Virginia Public Building Authority priced $150 million in series 2008B public facilities revenue bonds, according to an official statement released Tuesday.
The bonds (Aa1/AA+/AA+) were sold through lead manager BB&T Capital Markets with M.R. Beal & Co., Jackson Securities, Merrill Lynch & Co. and SunTrust Robinson Humphrey as the co-managers.
The bonds are due 2009 to 2028 with coupons from 3.5% to 5.25% and yields from 1.04% to 5.42%.
Proceeds will be used to construct, acquire, renovate and equip public facilities for use by the commonwealth.
| Issuer: | Virginia Public Building Authority
|
| Issue: | Series 2008B public facilities revenue bonds
|
| Amount: | $150 million
|
| Type: | Negotiated
|
| Underwriters: | BB&T Capital Markets (lead), M.R. Beal & Co., Jackson Securities, Merrill Lynch & Co. and SunTrust Robinson Humphrey
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA+
|
| Fitch: AA+
|
| Pricing date: | Dec. 4
|
| Settlement date: | Dec. 11
|
|
|
| Maturity | Type | Coupon | Yield
|
| 2009 | Serial | 4% | 1.04%
|
| 2010 | Serial | 4% | 2.26%
|
| 2011 | Serial | 3.5% | 2.54%
|
| 2011 | Serial | 4% | 2.54%
|
| 2012 | Serial | 3.5% | 2.88%
|
| 2012 | Serial | 4% | 2.88%
|
| 2013 | Serial | 4% | 3.10%
|
| 2014 | Serial | 4% | 3.31%
|
| 2014 | Serial | 5% | 3.31%
|
| 2015 | Serial | 4.25% | 3.52%
|
| 2015 | Serial | 5% | 3.52%
|
| 2016 | Serial | 4.25% | 3.78%
|
| 2016 | Serial | 5% | 3.78%
|
| 2017 | Serial | 4.25% | 4.06%
|
| 2018 | Serial | 4.125% | 4.26%
|
| 2018 | Serial | 5% | 4.26%
|
| 2019 | Serial | 5.25% | 4.51%
|
| 2020 | Serial | 5.25% | 4.74%
|
| 2021 | Serial | 5.25% | 4.89%
|
| 2022 | Serial | 5.25% | 5.00%
|
| 2023 | Serial | 5.25% | 5.10%
|
| 2024 | Serial | 5% | 5.19%
|
| 2024 | Serial | 5.25% | 5.19%
|
| 2025 | Serial | 5.125% | 5.27%
|
| 2026 | Serial | 5.25% | 5.34%
|
| 2027 | Serial | 5.25% | 5.40%
|
| 2028 | Serial | 5.25% | 5.42%
|
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