By Sheri Kasprzak
New York, Oct. 10 - The Utah Board of Regents sold $518.7 million of series 2012-1 Libor-indexed taxable student-loan backed notes, according to an official statement.
The notes (/AA+(sf)/AAA(sf)) were sold through senior manager RBC Capital Markets LLC.
The notes are due Dec. 26, 2031 and bear interest at the Libor rate plus 75 basis points.
Proceeds will be used to finance student loans.
| Issuer: | Utah Board of Regents
|
| Issue: | Series 2012-1 Libor-indexed taxable student-loan backed notes
|
| Amount: | $518.7 million
|
| Maturity: | Dec. 26, 2031
|
| Coupon: | Libor plus 75 bps
|
| Price: | 100
|
| Type: | Negotiated
|
| Underwriter: | RBC Capital Markets LLC (lead)
|
| Ratings: | Standard & Poor's: AA+(sf)
|
| Fitch: AAA(sf)
|
| Pricing date: | Oct. 5
|
| Settlement date: | Oct. 18
|
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