By Sheri Kasprzak
New York, June 9 - The University of Massachusetts Building Authority sold $101.7 million of series 2011-2 seven-month window refunding revenue bonds, said an official statement.
The bonds (P-1/A-1+/F1+) were sold through Citigroup Global Markets Inc.
The bonds are due Nov. 1, 2034 and bear interest at the Sifma rate plus 9 basis points.
Proceeds will be used to refund the authority's series 2008-4 bonds.
| Issuer: | University of Massachusetts Building Authority
|
| Issue: | Series 2011-2 seven-month window refunding revenue bonds
|
| Amount: | $101.7 million
|
| Maturity: | Nov. 1, 2034
|
| Coupon: | Sifma rate plus 9 bps
|
| Price: | 100
|
| Type: | Negotiated
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Ratings: | Moody's: P-1
|
| Standard & Poor's: A-1+
|
| Fitch: F1+
|
| Pricing date: | June 8
|
| Settlement date: | June 9
|
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