By Sheri Kasprzak
New York, March 17 - The State of California brought $352 million in series 2010 revenue bonds Wednesday for the Trustees of the California State University, said a pricing sheet released by the state treasurer's office.
The bonds were sold through Barclays Capital Inc.
The deal included series 2010A tax-exempt bonds and series 2010B taxable Build America Bonds. The exact breakdown was not immediately available.
The 2010A bonds are due 2010 to 2031 with 1% to 5% coupons and yields from 0.33% to 4.7%. The 2010B bonds are due 2022 to 2025 with term bonds due 2030 and 2041. The taxable serials have coupons from 2022 to 2025 with coupons from 5.449% to 5.699%, all priced at par. The 2030 bonds have a 6.434% coupon, priced at par, and the 2041 bonds have a 6.848% coupon, also priced at par.
Proceeds will be used to fund capital improvements to California State University's campuses.
| Issuer: | State of California/California State University
|
| Issue: | Series 2010 revenue bonds
|
| Amount: | $352 million
|
| Type: | Negotiated
|
| Underwriter: | Barclays Capital Inc. (lead)
|
| Pricing date: | March 17
|
|
|
| Series 2010A
|
| Maturity | Type | Coupon | Yield
|
| 2010 | Serial | 2% | 0.33%
|
| 2011 | Serial | 3% | 0.60%
|
| 2012 | Serial | 1% | 1.00%
|
| 2012 | Serial | 3% | 1.00%
|
| 2012 | Serial | 4% | 1.00%
|
| 2013 | Serial | 4% | 1.29%
|
| 2013 | Serial | 5% | 1.29%
|
| 2014 | Serial | 3% | 1.62%
|
| 2014 | Serial | 5% | 1.62%
|
| 2015 | Serial | 3% | 2.00%
|
| 2015 | Serial | 5% | 2.00%
|
| 2016 | Serial | 4% | 2.47%
|
| 2016 | Serial | 5% | 2.47%
|
| 2017 | Serial | 3% | 2.84%
|
| 2017 | Serial | 5% | 2.84%
|
| 2018 | Serial | 4% | 3.17%
|
| 2018 | Serial | 5% | 3.17%
|
| 2019 | Serial | 4% | 3.37%
|
| 2019 | Serial | 5% | 3.37%
|
| 2020 | Serial | 3.5% | 3.52%
|
| 2020 | Serial | 5% | 3.52%
|
| 2021 | Serial | 5% | 3.65%
|
| 2022 | Serial | 5% | 3.78%
|
| 2023 | Serial | 5% | 3.90%
|
| 2024 | Serial | 5% | 4.00%
|
| 2025 | Serial | 5% | 4.08%
|
| 2026 | Serial | 5% | 4.22%
|
| 2027 | Serial | 5% | 4.32%
|
| 2028 | Serial | 5% | 4.41%
|
| 2029 | Serial | 5% | 4.50%
|
| 2030 | Serial | 5% | 4.58%
|
| 2031 | Serial | 4.5% | 4.70%
|
|
|
| Series 2010B
|
| Maturity | Type | Coupon | Yield
|
| 2022 | Serial | 5.449% | 5.449%
|
| 2023 | Serial | 5.549% | 5.549%
|
| 2024 | Serial | 5.649% | 5.649%
|
| 2025 | Serial | 5.699% | 5.699%
|
| 2030 | Term | 6.434% | 6.434%
|
| 2041 | Term | 6.484% | 6.484%
|
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