Published on 5/4/2016 in the Prospect News Municipals Daily.
New Issue: Missouri Public Buildings brings $100 million special obligation bonds
By Sheri Kasprzak
New York, May 4 – The Missouri Public Buildings Board sold $100 million of series 2016A special obligation bonds, according to a pricing sheet.
The bonds (Aa1/AA+) were sold competitively with BofA Merrill Lynch winning the bid at a 2.285492% true interest cost.
The bonds are due 2017 to 2036 with 3% to 4% coupons and yields from 0.55% to 3.04%.
Proceeds will be used to finance capital expenditures.
| Issuer: | Missouri Public Buildings Board
|
| Issue: | Series 2016A special obligation bonds
|
| Amount: | $100 million
|
| Type: | Competitive
|
| Underwriter: | BofA Merrill Lynch (winner)
|
| TIC: | 2.285492%
|
| Ratings: | Moody’s: Aa1
|
| S&P: AA+
|
| Pricing date: | May 3
|
| Settlement date: | May 12
|
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|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $6,075,000 | 2017 | Serial | 3% | 102.162 | 0.55%
|
| $5.84 million | 2018 | Serial | 3% | 104.359 | 0.67%
|
| $6.02 million | 2019 | Serial | 4% | 109.081 | 0.81%
|
| $6.26 million | 2020 | Serial | 4% | 111.608 | 0.95%
|
| $6.51 million | 2021 | Serial | 4% | 113.604 | 1.13%
|
| $6.77 million | 2022 | Serial | 4% | 115.68 | 1.23%
|
| $7,045,000 | 2023 | Serial | 4% | 117.44 | 1.34%
|
| $7,325,000 | 2024 | Serial | 4% | 118.608 | 1.49%
|
| $7,615,000 | 2025 | Serial | 4% | 117.47 | 1.63%
|
| $7.92 million | 2026 | Serial | 4% | 116.025 | 1.81%
|
| $3.83 million | 2027 | Serial | 4% | 114.601 | 1.99%
|
| $3,985,000 | 2028 | Serial | 4% | 113.507 | 2.13%
|
| $4.14 million | 2029 | Serial | 3% | 102.33 | 2.67%
|
| $4,265,000 | 2030 | Serial | 3% | 101.902 | 2.73%
|
| $4,395,000 | 2031 | Serial | 3% | 101.83 | 2.74%
|
| $2.26 million | 2032 | Serial | 3% | 101.404 | 2.80%
|
| $2.33 million | 2033 | Serial | 3% | 100.98 | 2.86%
|
| $2.4 million | 2034 | Serial | 3% | 100.557 | 2.92%
|
| $2.47 million | 2035 | Serial | 3% | 100.137 | 2.98%
|
| $2,545,000 | 2036 | Serial | 3% | 99.404 | 3.04%
|
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