By Sheri Kasprzak
New York, Dec. 1 - The Washington Biomedical Research Facilities 3 of Washington State priced Wednesday $164.95 million of series 2010 lease revenue bonds, said a pricing sheet.
The bonds (Aa1/AA+/) were sold through Barclays Capital Inc. with Citigroup Global Markets Inc. and Goldman, Sachs & Co. as the co-managers.
The deal included $151.745 million of series 2010B Build America Bonds and $13.205 million of series 2010C taxable bonds.
The 2010B bonds are due 2014 to 2022 with term bonds due 2025, 2030 and 2042. The serial coupons range from 3.049% to 5.431%, all priced at par. The 2025 bonds have a 6.031% coupon priced at par, and the 2030 bonds have a 6.416% coupon priced at par. The 2042 bonds have a 6.516% coupon priced at par.
The 2010C bonds are due July 1, 2013 and have a 2.242% coupon priced at par.
Proceeds will be used to develop and construct a biomedical facility at the University of Washington's School of Medicine.
| Issuer: | Washington Biomedical Research Facilities 3
|
| Issue: | Series 2010 lease revenue bonds
|
| Amount: | $164.95 million
|
| Type: | Negotiated
|
| Underwriters: | Barclays Capital Inc. (lead), Citigroup Global Markets Inc. and Goldman, Sachs & Co. (co-managers)
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA+
|
| Pricing date: | Dec. 1
|
| Settlement date: | Dec. 14
|
|
|
| $151.745 million series 2010B
|
| Amount | Maturity | Type | Coupon | Price
|
| $5.345 million | 2014 | Serial | 3.049% | 100
|
| $5.455 million | 2015 | Serial | 3.499% | 100
|
| $5.575 million | 2016 | Serial | 3.896% | 100
|
| $5.72 million | 2017 | Serial | 4.296% | 100
|
| $5.88 million | 2018 | Serial | 4.731% | 100
|
| $6.05 million | 2019 | Serial | 4.881% | 100
|
| $6.245 million | 2020 | Serial | 5.031% | 100
|
| $6.445 million | 2021 | Serial | 5.231% | 100
|
| $6.665 million | 2022 | Serial | 5.431% | 100
|
| $15.5 million | 2025 | Term | 6.031% | 100
|
| $28.185 million | 2030 | Term | 6.416% | 100
|
| $54.68 million | 2042 | Term | 6.516% | 100
|
|
|
| $13.205 million series 2010C
|
| Maturity | Type | Coupon | Price
|
| July 1, 2013 | Term | 2.242% | 100
|
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