Published on 2/15/2012 in the Prospect News Municipals Daily.
New Issue: University of Cincinnati sells $89.04 million general receipts bonds
By Sheri Kasprzak
New York, Feb. 15 - The University of Cincinnati sold $89.04 million of series 2012 general receipts bonds, according to a pricing sheet. The deal was upsized from $67.4 million.
The bonds (Aa3) were sold through senior manager RBC Capital Markets LLC.
The bonds are due 2012 to 2031 with 2% to 5% coupons.
Proceeds will be used to finance capital improvements to the university.
| Issuer: | University of Cincinnati
|
| Issue: | Series 2012 general receipts bonds
|
| Amount: | $89.04 million
|
| Type: | Negotiated
|
| Underwriter: | RBC Capital Markets LLC
|
| Rating: | Moody's: Aa3
|
| Pricing date: | Feb. 15
|
| Settlement date: | March 5
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $1.14 million | 2012 | Serial | 2% | 100.429
|
| $170,000 | 2013 | Serial | 2% | 101.887
|
| $175,000 | 2014 | Serial | 2% | 103.04
|
| $3,125,000 | 2015 | Serial | 4% | 110.075
|
| $2 million | 2016 | Serial | 2% | 104.012
|
| $3.6 million | 2016 | Serial | 4% | 112.286
|
| $585,000 | 2017 | Serial | 2% | 104.36
|
| $5.2 million | 2017 | Serial | 5% | 119.574
|
| $925,000 | 2018 | Serial | 2% | 102.845
|
| $5.13 million | 2018 | Serial | 5% | 120.636
|
| $425,000 | 2019 | Serial | 2.5% | 104.729
|
| $5.91 million | 2019 | Serial | 5% | 121.624
|
| $125,000 | 2020 | Serial | 2% | 99.17
|
| $6.51 million | 2020 | Serial | 5% | 121.747
|
| $6,965,000 | 2021 | Serial | 5% | 122.447
|
| $525,000 | 2022 | Serial | 3% | 104.859
|
| $6.78 million | 2022 | Serial | 5% | 122.862
|
| $7,665,000 | 2023 | Serial | 5% | 121.75
|
| $4.6 million | 2024 | Serial | 5% | 120.848
|
| $4.83 million | 2025 | Serial | 4% | 109.866
|
| $2.09 million | 2026 | Serial | 4% | 108.48
|
| $340,000 | 2027 | Serial | 3% | 98.192
|
| $350,000 | 2028 | Serial | 3% | 96.861
|
| $9.77 million | 2029 | Serial | 5% | 116.842
|
| $4.93 million | 2030 | Serial | 5% | 115.889
|
| $3,175,000 | 2031 | Serial | 3.5% | 98.616
|
| $2 million | 2031 | Serial | 5% | 114.945
|
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