By Sheri Kasprzak
New York, Jan. 27 - The Kansas Development Finance Authority sold $52.755 million in series 2010C revenue bonds on Wednesday, according to a term sheet.
The bonds (A1/AA/) were sold on a competitive basis with Jefferies & Co. as the winning bidder. The true interest cost came in at 2.934331%.
The bonds are due 2012 to 2020 with 5% coupons across the board.
Proceeds will be used to fund projects under the Kansas Investments in Major Projects and Comprehensive Training program.
| Issuer: | Kansas Development Finance Authority
|
| Issue: | Series 2010C revenue bonds
|
| Amount: | $52.755 million
|
| Type: | Competitive
|
| Underwriter: | Jefferies & Co. (winner)
|
| TIC: | 2.934331%
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: AA
|
| Pricing date: | Jan. 27
|
| Settlement date: | Feb. 11
|
|
|
| Maturity | Type | Coupon | Price
|
| 2012 | Serial | 5% | 108.972
|
| 2013 | Serial | 5% | 111.655
|
| 2014 | Serial | 5% | 113.286
|
| 2015 | Serial | 5% | 113.57
|
| 2016 | Serial | 5% | 113.373
|
| 2017 | Serial | 5% | 113.239
|
| 2018 | Serial | 5% | 112.489
|
| 2019 | Serial | 5% | 111.652
|
| 2020 | Serial | 5% | 111.503
|
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