Published on 9/18/2012 in the Prospect News Municipals Daily.
New Issue: Wisconsin HEFA prices $85.96 million Marquette University revenue bonds
By Sheri Kasprzak
New York, Sept. 18 - The Wisconsin Health and Educational Facilities Authority sold $85,955,000 of series 2012 revenue bonds for Marquette University, according to a pricing sheet.
The bonds (A2) were sold through Barclays and Baird & Co. Inc.
The bonds are due 2013 to 2030 with a term bond due in 2032. The serial coupons range from 2% to 5%. The 2032 bonds have a 4% coupon priced at 101.317.
Proceeds will be used to refund the university's series 1998 and 2002A revenue bonds.
| Issuer: | Wisconsin Health and Educational Facilities Authority/Marquette University
|
| Issue: | Series 2012 revenue bonds
|
| Amount: | $85,955,000
|
| Type: | Negotiated
|
| Underwriters: | Barclays and Baird & Co. Inc.
|
| Ratings: | Moody's: A2
|
| Pricing date: | Sept. 18
|
| Settlement date: | Oct. 4
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $1,645,000 | 2013 | Serial | 2% | 101.631
|
| $1,685,000 | 2014 | Serial | 4% | 106.845
|
| $1,765,000 | 2015 | Serial | 5% | 112.613
|
| $1,855,000 | 2016 | Serial | 5% | 115.528
|
| $1,945,000 | 2017 | Serial | 5% | 117.297
|
| $2,015,000 | 2018 | Serial | 5% | 118.223
|
| $1.4 million | 2019 | Serial | 5% | 118.337
|
| $1,455,000 | 2020 | Serial | 3% | 103.895
|
| $4,525,000 | 2021 | Serial | 5% | 118.691
|
| $4,805,000 | 2022 | Serial | 5% | 119.058
|
| $5.04 million | 2023 | Serial | 4% | 108.938
|
| $5,195,000 | 2024 | Serial | 5% | 116.967
|
| $5,475,000 | 2025 | Serial | 5% | 116.592
|
| $5.77 million | 2026 | Serial | 5% | 115.938
|
| $6.07 million | 2027 | Serial | 5% | 115.381
|
| $6.39 million | 2028 | Serial | 5% | 114.828
|
| $6,725,000 | 2029 | Serial | 5% | 114.46
|
| $7,075,000 | 2030 | Serial | 5% | 114.095
|
| $15.12 million | 2032 | Term | 4% | 101.317
|
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