Published on 12/15/2011 in the Prospect News Municipals Daily.
New Issue: California Statewide Communities sells $93.34 million student housing revenue bonds
By Sheri Kasprzak
New York, Dec. 15 - The California Statewide Communities Development Authority sold $93,335,000 of series 2011 student housing revenue bonds for the University of California Irvine East Campus Apartments Phase I Refunding - CHF - Irvine LLC, according to a pricing sheet.
The bonds (Baa2) were sold through Barclays Capital Inc.
Proceeds will go toward the construction of a student housing facility at the University of California at Irvine campus in Irvine, Calif.
| Issuer: | California Statewide Communities Development Authority/University of California Irvine East Campus Apartments Phase I Refunding - CHF - Irvine LLC
|
| Issue: | Series 2011 student housing revenue bonds
|
| Amount: | $93,335,000
|
| Type: | Negotiated
|
| Underwriter: | Barclays Capital Inc.
|
| Rating: | Moody's: Baa2
|
| Pricing date: | Dec. 15
|
| Settlement date: | Jan. 11
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $2,815,000 | 2012 | Serial | 3% | 100.65
|
| $735,000 | 2013 | Serial | 4% | 102.974
|
| $820,000 | 2014 | Serial | 4% | 103.972
|
| $1,155,000 | 2015 | Serial | 4% | 104.29
|
| $1.3 million | 2016 | Serial | 4% | 104.456
|
| $1.73 million | 2017 | Serial | 5% | 109.287
|
| $2,345,000 | 2018 | Serial | 5% | 109.356
|
| $2.46 million | 2019 | Serial | 5% | 109.297
|
| $2,585,000 | 2020 | Serial | 5% | 108.507
|
| $2,715,000 | 2021 | Serial | 5% | 106.922
|
| $36.02 million | 2031 | Term | 5.125% | 100
|
| $38,655,000 | 2038 | Term | 5.375% | 100
|
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