New Issue: Illinois Finance releases terms on $114.57 million bond sale for DePaul

By Sheri Kasprzak

New York, Jan. 13 - The Illinois Finance Authority released the full details of its $114.57 million sale of series 2011A revenue bonds for DePaul University on Wednesday, according to a pricing sheet released Thursday.

The bonds (A3/A-/A) were sold through Goldman, Sachs & Co. with Barclays Capital Inc., Cabrera Capital Markets LLC and Ramirez & Co. Inc. as the co-managers.

The bonds are due 2020 to 2021 and 2023 to 2025 with term bonds due 2027, 2032 and 2040. The serial coupons range from 5.25% to 5.5%. The 2027 bonds have a 5.75% coupon and the 2032 bonds have a 6% coupon. The 2040 bonds have a 6.125% coupon.

Proceeds will be used to fund capital projects at the university.

Issuer:	Illinois Finance Authority/DePaul University
Issue:	Series 2011A revenue bonds
Amount:	$114.57 million
Type:	Negotiated
Underwriters:	Goldman, Sachs & Co. (lead), Barclays Capital Inc., Cabrera Capital Markets LLC and Ramirez & Co. Inc. (co-managers)
Ratings:	Moody's: A3
	Standard & Poor's: A-
	Fitch: A
Pricing date:	Jan. 12
Settlement date:	Feb. 2
Amount	Maturity	Type	Coupon	Price
$425,000	2020	Serial	5.25%	103.596
$415,000	2021	Serial	5.25%	102.206
$250,000	2023	Serial	5.25%	99.626
$430,000	2024	Serial	5.375%	99.275
$450,000	2025	Serial	5.5%	99.098
$5.22 million	2027	Term	5.75%	98.413
$32.085 million	2032	Term	6%	97.623
$75.725 million	2040	Term	6.125%	97.652

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