Published on 7/23/2014 in the Prospect News Municipals Daily.
New Issue: Nebraska Investment Finance prices $65 million of housing revenue bonds
By Sheri Kasprzak
New York, July 23 – The Nebraska Investment Finance Authority sold $65 million of series 2014A single-family housing revenue bonds, according to a pricing sheet.
The bonds were sold through J.P. Morgan Securities LLC.
The bonds are due 2015 to 2024 with term bonds due in 2044. The serial coupons range from 0.15% to 2.95%, all priced at par. The March 1, 2044 planned amortization class term bonds have a 3% coupon priced at 143.075 and the Sept. 1, 2044 PAC term bonds have a 4% coupon priced at 147.862.
Proceeds will be used to acquire securities.
| Issuer: | Nebraska Investment Finance Authority
|
| Issue: | Series 2014A single-family housing revenue bonds
|
| Amount: | $65 million
|
| Type: | Negotiated
|
| Underwriters: | J.P. Morgan Securities LLC (lead), Ameritas Investment Corp., D.A. Davidson & Co., First National Capital Markets, Inc. and George K. Baum & Co. (co-managers)
|
| Pricing date: | July 23
|
| Settlement date: | Aug. 24
|
|
|
| $13.86 million series 2014A bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $465,000 | 2015 | Serial | 0.15% | 100
|
| $590,000 | 2015 | Serial | 0.25% | 100
|
| $595,000 | 2016 | Serial | 0.40% | 100
|
| $610,000 | 2016 | Serial | 0.50% | 100
|
| $615,000 | 2017 | Serial | 0.75% | 100
|
| $630,000 | 2017 | Serial | 0.85% | 100
|
| $645,000 | 2018 | Serial | 1.20% | 100
|
| $655,000 | 2018 | Serial | 1.30% | 100
|
| $665,000 | 2019 | Serial | 1.65% | 100
|
| $675,000 | 2019 | Serial | 1.70% | 100
|
| $695,000 | 2020 | Serial | 1.95% | 100
|
| $710,000 | 2020 | Serial | 2.00% | 100
|
| $725,000 | 2021 | Serial | 2.35% | 100
|
| $735,000 | 2021 | Serial | 2.45% | 100
|
| $760,000 | 2022 | Serial | 2.60% | 100
|
| $780,000 | 2022 | Serial | 2.60% | 100
|
| $780,000 | 2023 | Serial | 2.80% | 100
|
| $795,000 | 2023 | Serial | 2.80% | 100
|
| $800,000 | 2024 | Serial | 2.95% | 100
|
| $935,000 | 2024 | Serial | 2.95% | 100
|
|
|
| $51.14 million series 2014A planned amortization bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $26.77 million | March 1, 2044 | Term | 3% | 143.075
|
| $24.37 million | Sept. 1, 2044 | Term | 4% | 147.862
|
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