New Issue: Rhode Island Student Loan prices $67.53 million of revenue bonds

By Sheri Kasprzak

New York, March 15 - The Rhode Island Student Loan Authority came to market with $67,525,000 of series 2013A student loan program revenue bonds, according to a pricing sheet.

The bonds (/A+/A) were sold through BofA Merrill Lynch.

The bonds are due 2013 to 2028 with 2% to 5% coupons and yields from 0.55% to 3.94%.

Proceeds will be used to make student loans.

Issuer:	Rhode Island Student Loan Authority
Issue:	Series 2013A student loan program revenue bonds
Amount:	$67,525,000
Type:	Negotiated
Underwriters:	BofA Merrill Lynch (lead), Janney Montgomery Scott LLC (co-manager)
Ratings:	Standard & Poor's: A+
	Fitch: A
Pricing date:	March 8
Settlement date:	March 28
Amount	Maturity	Type	Coupon	Yield	Price
$2 million	2013	Serial	2%	0.55%	100.975
$3 million	2014	Serial	3%	0.92%	103.448
$3 million	2015	Serial	4%	1.34%	106.965
$3.5 million	2016	Serial	5%	1.55%	112.276
$3.5 million	2017	Serial	5%	1.80%	114.283
$3.3 million	2018	Serial	2.125%	2.17%	99.759
$5.85 million	2019	Serial	2.5%	2.55%	99.693
$5.85 million	2020	Serial	5%	2.84%	114.797
$5.9 million	2021	Serial	3%	3.10%	99.241
$5.5 million	2022	Serial	3.25%	3.31%	99.503
$5.5 million	2023	Serial	3.375%	3.46%	99.243
$5.3 million	2024	Serial	3.5%	3.59%	99.144
$5,125,000	2025	Serial	3.625%	3.73%	98.943
$3.9 million	2026	Serial	3.75%	3.81%	99.361
$3.4 million	2027	Serial	3.75%	3.89%	98.441
$2.9 million	2028	Serial	3.75%	3.94%	97.789

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