By Sheri Kasprzak
New York, Sept. 23 - The California Educational Facilities Authority sold $100 million of series 2011 revenue bonds Friday for Chapman University, according to a pricing sheet.
The bonds, rated A2, were sold through Wells Fargo Securities LLC.
The bonds are due 2012 to 2026 with a term bond due in 2031. The serial coupons range from 2% to 5%. The 2031 bonds have a 5% coupon priced at 103.437.
Proceeds will finance the construction, acquisition, equipment, furnishing, expansion, rehabilitation and renovation of educational facilities at the university, as well as refund debt.
| Issuer: | California Educational Facilities Authority/Chapman University
|
| Issue: | Series 2011 revenue bonds
|
| Amount: | $100 million
|
| Type: | Negotiated
|
| Underwriter: | Wells Fargo Securities LLC (lead)
|
| Rating: | Moody's: A2
|
| Pricing date: | Sept. 23
|
| Settlement date: | Oct. 3
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $995,000 | 2012 | Serial | 2% | 100.69
|
| $1.135 million | 2013 | Serial | 3% | 103.261
|
| $3.665 million | 2014 | Serial | 3% | 104.788
|
| $3.775 million | 2015 | Serial | 3% | 105.543
|
| $3.895 million | 2016 | Serial | 4% | 109.276
|
| $4.045 million | 2017 | Serial | 4% | 109.484
|
| $4.21 million | 2018 | Serial | 5% | 115.224
|
| $4.42 million | 2019 | Serial | 5% | 115.144
|
| $4.64 million | 2020 | Serial | 5% | 114.495
|
| $4.87 million | 2021 | Serial | 5% | 113.498
|
| $5.12 million | 2022 | Serial | 5% | 112.028
|
| $5.37 million | 2023 | Serial | 5% | 110.243
|
| $5.64 million | 2024 | Serial | 5% | 108.575
|
| $5.92 million | 2025 | Serial | 5% | 107.426
|
| $6.22 million | 2026 | Serial | 5% | 106.533
|
| $36.08 million | 2031 | Term | 5% | 103.437
|
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