By Sheri Kasprzak
New York, Nov. 22 - The California Public Works Board priced $295.2 million of series 2011 lease revenue bonds, said a pricing sheet.
The bonds (Aa2/AA-/AA) were sold through RBC Capital Markets LLC.
The bonds are due 2015 to 2031 with 2% to 5.25% coupons.
Proceeds will be used to fund various capital projects at the University of California's Berkeley, Los Angeles and Merced campuses, as well as to make a contribution to a master indenture reserve fund.
| Issuer: | California Public Works Board
|
| Issue: | Series 2011G lease revenue bonds
|
| Amount: | $295.2 million
|
| Type: | Negotiated
|
| Underwriter: | RBC Capital Markets LLC
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA-
|
| Fitch: AA
|
| Pricing date: | Nov. 22
|
| Settlement date: | Nov. 29
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $3.525 million | 2015 | Serial | 2% | 102.486
|
| $8.14 million | 2015 | Serial | 5% | 114.143
|
| $6.89 million | 2016 | Serial | 4% | 111.296
|
| $5.28 million | 2016 | Serial | 5% | 116.083
|
| $3.13 million | 2017 | Serial | 2% | 100.225
|
| $9.585 million | 2017 | Serial | 5% | 117.144
|
| $3.67 million | 2018 | Serial | 3% | 104.902
|
| $4.475 million | 2018 | Serial | 4% | 111.352
|
| $5.11 million | 2018 | Serial | 5% | 117.802
|
| $1.14 million | 2019 | Serial | 2.55% | 100
|
| $12.72 million | 2019 | Serial | 5% | 117.639
|
| $970,000 | 2020 | Serial | 2.875% | 100.197
|
| $2 million | 2020 | Serial | 3.5% | 105.13
|
| $5.055 million | 2020 | Serial | 4% | 109.077
|
| $6.485 million | 2020 | Serial | 5% | 116.97
|
| $1.62 million | 2021 | Serial | 3.05% | 99.914
|
| $13.565 million | 2021 | Serial | 5% | 116.612
|
| $1.185 million | 2022 | Serial | 4% | 106.797
|
| $14.755 million | 2022 | Serial | 5% | 115.982
|
| $16.75 million | 2023 | Serial | 5% | 115.13
|
| $17.61 million | 2024 | Serial | 5% | 113.99
|
| $18.515 million | 2025 | Serial | 5% | 112.823
|
| $19.485 million | 2026 | Serial | 5.25% | 115.102
|
| $1.77 million | 2027 | Serial | 4% | 100
|
| $40.28 million | 2028 | Serial | 5% | 110.166
|
| $22.65 million | 2029 | Serial | 5% | 109.238
|
| $350,000 | 2030 | Serial | 4.25% | 99.098
|
| $23.46 million | 2030 | Serial | 5% | 108.754
|
| $25.03 million | 2031 | Serial | 5% | 108.345
|
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