New Issue: Central Washington University, Wash., brings $53.42 million of system refunding bonds

By Sheri Kasprzak

New York, March 7 - Central Washington University of Washington state priced $53,415,000 of series 2013 system revenue refunding bonds, said a pricing sheet.

The bonds (A1) were sold competitively. J.P. Morgan Securities LLC won the bid at a 3.1306311% true interest cost, said Linda Schactler, a spokeswoman for the university.

The bonds are due 2015 to 2034 with 3.125% to 5% coupons.

Proceeds will be used to advance refund the university's series 2004 revenue bonds for debt service savings.

Issuer:	Central Washington University
Issue:	Series 2013 system revenue refunding bonds
Amount:	$53,415,000
Type:	Competitive
Underwriter:	J.P. Morgan Securities LLC (winner)
TIC:	3.1306311%
Rating:	Moody's: A1
Pricing date:	March 6
Settlement date:	March 28
Amount	Maturity	Type	Coupon	Price
$1.7 million	2015	Serial	4%	106.947
$1.77 million	2016	Serial	5%	112.57
$1.86 million	2017	Serial	5%	115.604
$1.96 million	2018	Serial	5%	118.062
$2.05 million	2019	Serial	5%	119.85
$2.15 million	2020	Serial	5%	120.991
$2.26 million	2021	Serial	5%	121.974
$2,375,000	2022	Serial	5%	122.586
$2,495,000	2023	Serial	5%	123.076
$2.62 million	2024	Serial	4%	111.414
$2,275,000	2025	Serial	4%	110.483
$2,835,000	2026	Serial	4%	109.47
$2,945,000	2027	Serial	4%	108.74
$3,065,000	2028	Serial	3.125%	98.5
$3.16 million	2029	Serial	3.25%	99.377
$3,265,000	2030	Serial	3.25%	98
$3.37 million	2031	Serial	3.375%	98.994
$3,485,000	2032	Serial	3.375%	98.267
$3.6 million	2033	Serial	3.5%	99.283
$3,725,000	2034	Serial	3.5%	98.528

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