New Issue: University of North Carolina at Chapel Hill sells $127.09 million bonds

By Sheri Kasprzak

New York, June 27 - The University of North Carolina at Chapel Hill priced $127,095,000 of series 2012C taxable general revenue refunding bonds, according to a pricing sheet.

The bonds (Aaa/AA+/AAA) were sold through J.P. Morgan Securities LLC and Wells Fargo Securities LLC.

The bonds are due 2013 to 2027 with a term bond due in 2033. The serial coupons range from 0.35% to 3.035%, all priced at par. The 2033 bonds have a 3.596% coupon priced at par.

Proceeds will be used to refund the university's series 2001A general revenue bonds and to advance refund the university's series 2003 general revenue bonds.

Issuer:	University of North Carolina at Chapel Hill
Issue:	Series 2012C taxable general revenue refunding bonds
Amount:	$127,095,000
Type:	Negotiated
Underwriters:	J.P. Morgan Securities LLC and Wells Fargo Securities LLC
Ratings:	Moody's: Aaa
	Standard & Poor's: AA+
	Fitch: AAA
Pricing date:	June 27
Settlement date:	July 10
Amount	Maturity	Type	Coupon	Price
$2.02 million	2013	Serial	0.35%	100
$4,615,000	2014	Serial	0.617%	100
$4.64 million	2015	Serial	0.815%	100
$4.69 million	2016	Serial	1.225%	100
$4,745,000	2017	Serial	1.455%	100
$4,825,000	2018	Serial	1.749%	100
$4.9 million	2019	Serial	1.899%	100
$4.97 million	2020	Serial	2.285%	100
$9,245,000	2021	Serial	2.435%	100
$9.45 million	2022	Serial	2.535%	100
$9,685,000	2023	Serial	2.635%	100
$9,935,000	2024	Serial	2.735%	100
$10,205,000	2025	Serial	2.835%	100
$4.8 million	2026	Serial	2.935%	100
$4.94 million	2027	Serial	3.035%	100

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