By Sheri Kasprzak
New York, April 22 – Oregon State University priced $50.28 million of series 2015 general revenue bonds, according to a pricing sheet.
The bonds (Aa3) were sold through senior managers Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC.
The deal included $40,205,000 series 2015A bonds and $10,075,000 of series 2015B taxable bonds.
The 2015A bonds are due April 1, 2045 and have a 5% coupon priced at 114.801 to yield 3.24%.
The 2015B bonds are due April 1, 2044 and have a 4.34% coupon priced at par.
Proceeds will be used to finance university capital projects.
Issuer: | Oregon State University
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Issue: | Series 2015 general revenue bonds
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Amount: | $50.28 million
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Type: | Negotiated
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Underwriters: | Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC (lead)
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Rating: | Moody’s: Aa3
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Pricing date: | April 22
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Settlement date: | May 7
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$40,205,000 series 2015A general revenue bonds
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Maturity | Type | Coupon | Price | Yield
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April 1, 2045 | Term | 5% | 114.801 | 3.24%
|
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$10,075,000 series 2015B taxable bonds
|
Maturity | Type | Coupon | Price | Yield
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April 1, 2044 | Term | 4.34% | 100 | 4.34%
|
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