Published on 5/24/2012 in the Prospect News Municipals Daily.
New Issue: New Hampshire Health sells $62.92 million Southern New Hampshire bonds
By Sheri Kasprzak
New York, May 24 - The New Hampshire Health and Education Facilities Authority sold $62,915,000 of series 2012 revenue bonds for Southern New Hampshire University, according to a pricing sheet.
The bonds (/BBB/) were sold through RBC Capital Markets LLC.
The bonds are due 2015 to 2022 with term bonds due in 2027, 2034 and 2042. The serial coupons range from 2.25% to 5%. The 2027 bonds have a 5% coupon priced at 107.06, and the 2034 bonds have a 5% coupon priced at 103.77. The 2042 bonds have a 5% coupon priced at 102.597.
Proceeds will be used to finance the construction, equipment and installation of a new library and learning commons, a new dormitory, a new parking facility and other improvements and renovations to the university's main campus in Manchester, N.H.
| Issuer: | New Hampshire Health and Education Facilities Authority/Southern New Hampshire University
|
| Issue: | Series 2012 revenue bonds
|
| Amount: | $62,915,000
|
| Type: | Negotiated
|
| Underwriters: | RBC Capital Markets LLC
|
| Ratings: | Standard & Poor's: BBB
|
| Pricing date: | May 24
|
| Settlement date: | June 7
|
|
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $750,000 | 2015 | Serial | 3% | 103.327
|
| $720,000 | 2016 | Serial | 3% | 103.494
|
| $145,000 | 2017 | Serial | 2.25% | 99.869
|
| $705,000 | 2017 | Serial | 5% | 111.731
|
| $190,000 | 2018 | Serial | 2.5% | 99.535
|
| $680,000 | 2018 | Serial | 5% | 112.416
|
| $120,000 | 2019 | Serial | 4% | 106.594
|
| $800,000 | 2019 | Serial | 5% | 112.536
|
| $85,000 | 2020 | Serial | 3% | 99.062
|
| $870,000 | 2020 | Serial | 5% | 112.438
|
| $990,000 | 2021 | Serial | 3% | 97.337
|
| $1.01 million | 2022 | Serial | 4% | 103.621
|
| $6,215,000 | 2027 | Term | 5% | 107.06
|
| $10.19 million | 2034 | Term | 5% | 103.77
|
| $39,445,000 | 2042 | Term | 5% | 102.597
|
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