By Sheri Kasprzak
New York, March 24 - The Board of Regents of the University of Texas System priced $373.27 million of series 2010B revenue finance system refunding bonds, said a pricing sheet.
The bonds (Aaa/AAA/AAA) were sold through RBC Capital Markets Corp. and Piper Jaffray & Co. The co-managers were Bank of America Merrill Lynch, J.P. Morgan Securities Inc., Loop Capital Markets LLC, Ramirez & Co. and Raymond James & Associates Inc.
The bonds are due 2011 to 2024 with 3% to 5% coupons.
Proceeds will be used to refund existing debt.
| Issuer: | Board of Regents of the University of Texas System
|
| Issue: | Series 2010B revenue finance system refunding bonds
|
| Amount: | $373.27 million
|
| Type: | Negotiated
|
| Underwriters: | RBC Capital Markets Corp. and Piper Jaffray & Co. (lead), Bank of America Merrill Lynch, J.P. Morgan Securities Inc., Loop Capital Markets LLC, Ramirez & Co. and Raymond James & Associates Inc. (co-managers)
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
| Pricing date: | March 24
|
|
|
| Maturity | Type | Coupon
|
| 2011 | Serial | 4%
|
| 2012 | Serial | 4%
|
| 2013 | Serial | 4%
|
| 2014 | Serial | 4%
|
| 2015 | Serial | 4%
|
| 2016 | Serial | 4%
|
| 2017 | Serial | 3%
|
| 2017 | Serial | 5%
|
| 2018 | Serial | 4%
|
| 2018 | Serial | 5%
|
| 2019 | Serial | 4%
|
| 2019 | Serial | 5%
|
| 2020 | Serial | 3%
|
| 2020 | Serial | 5%
|
| 2021 | Serial | 4%
|
| 2021 | Serial | 5%
|
| 2022 | Serial | 5%
|
| 2023 | Serial | 5%
|
| 2024 | Serial | 4%
|
| 2024 | Serial | 5%
|
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