Published on 2/8/2012 in the Prospect News Municipals Daily.
New Issue: Washington State University sells $68.39 million general revenue bonds
By Sheri Kasprzak
New York, Feb. 8 - Washington State University priced $68,385,000 of series 2012 general revenue bonds, according to a pricing sheet.
The bonds (Aa2) were sold through J.P. Morgan Securities LLC.
The bonds are due 2013 to 2032 with term bonds due in 2037. The serial coupons range from 2% to 5%. The 2037 bonds have a split maturity with a 3.75% coupon priced at 98.698 and a 5% coupon priced at 111.624.
Proceeds will be used to finance capital improvements to the university.
| Issuer: | Washington State University
|
| Issue: | Series 2012 general revenue bonds
|
| Amount: | $68,385,000
|
| Type: | Negotiated
|
| Underwriter: | J.P. Morgan Securities LLC
|
| Rating: | Moody's: Aa2
|
| Pricing date: | Feb. 8
|
| Settlement date: | Feb. 23
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $1.72 million | 2013 | Serial | 2% | 102.753
|
| $1,765,000 | 2014 | Serial | 3% | 106.517
|
| $1.83 million | 2015 | Serial | 4% | 111.804
|
| $1,895,000 | 2016 | Serial | 3% | 109.88
|
| $770,000 | 2017 | Serial | 3% | 110.933
|
| $1,185,000 | 2017 | Serial | 4% | 116.372
|
| $2,035,000 | 2018 | Serial | 4% | 117.105
|
| $575,000 | 2019 | Serial | 3% | 110.213
|
| $1,545,000 | 2019 | Serial | 5% | 124.497
|
| $2,215,000 | 2020 | Serial | 4% | 117.726
|
| $2,305,000 | 2021 | Serial | 4% | 117.398
|
| $350,000 | 2022 | Serial | 2% | 98.116
|
| $2,055,000 | 2022 | Serial | 5% | 124.122
|
| $200,000 | 2023 | Serial | 3% | 105.47
|
| $2.32 million | 2023 | Serial | 5% | 123.051
|
| $250,000 | 2024 | Serial | 2.25% | 97.628
|
| $2.38 million | 2024 | Serial | 4% | 111.65
|
| $2,735,000 | 2025 | Serial | 4% | 111.111
|
| $2,865,000 | 2026 | Serial | 5% | 120.47
|
| $3.01 million | 2027 | Serial | 5% | 119.436
|
| $95,000 | 2028 | Serial | 3% | 100
|
| $3.07 million | 2028 | Serial | 5% | 118.506
|
| $250,000 | 2029 | Serial | 3% | 98.783
|
| $3.07 million | 2029 | Serial | 5% | 117.584
|
| $3.49 million | 2030 | Serial | 5% | 116.58
|
| $3.67 million | 2031 | Serial | 5% | 115.766
|
| $750,000 | 2032 | Serial | 3.25% | 97.933
|
| $3.1 million | 2032 | Serial | 5% | 114.87
|
| $1.53 million | 2037 | Term | 3.75% | 98.698
|
| $20,805,000 | 2037 | Term | 5% | 111.624
|
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