Issues Closed in 2005
December 2005
Updated December 8, 2005
Kean University
Issue:
Series 2005 B
Amount:
$101,915,000
Closing:
December 8, 2005
Final Maturity:
July 1, 2017
True Cost of Interest:
4.68%
NPV Savings:
$271,930.24
Savings Percentage:
5.17%
November 2005
The William Paterson University
of New Jersey
Issue:
2005 Series E
Amount:
$42,295,000
Closing:
November 9, 2005
Final Maturity:
July 1, 2015
True Cost of Interest:
4.55%
NPV Savings:
$1,420,584.57
Savings Percentage:
3.40%
October 2005
The Richard Stockton College of NJ
Issue:
Series 2005 F
Amount:
$28,180,000
Closing:
October 20, 2005
Final Maturity:
July 1, 2015
True Cost of Interest:
4.46%
NPV Savings
$1,452,793.61
Savings Percentage
4.9%
September 2005
Higher Education Facilities
Trust Fund (HEFT)
Issue:
Series 2005 A
Amount:
$90,980,000
Closing:
September 23, 2005
Final Maturity:
September 1, 2010
True Cost of Interest
3.29%
NPV Savings
$2,545,000
Savings Percentage
2.75%
August 2005
Higher Education Capital
Improvement Fund (CIF)
Issue:
Series 2005 A
Amount:
$169,790,000
Closing:
August 10, 2005
Final Maturity:
September 1, 2019
True Cost of Interest
4.12%
NPV Savings
$5,080,000
Savings Percentage
3.02%
Montclair State University
Remarketing Issues:
Series 2002 F
Series 2003 E
Combined Amount:
$101,925,000
Closing:
August 17, 2005
Final Maturity:
July 1, 2033
Combined TIC:
4.48%
Seton Hall University
Issue:
2005 Series C
Amount:
$57,750,000
Closing:
August 18, 2005
Final Maturity:
July 1, 2037
Variable Rate:
na
June 2005
Princeton University
Issue:
Series 2005 B
Amount:
$114,645,000
Closing:
June 16, 2005
Final Maturity:
July 1, 2017
True Cost of Interest
4.236%
April 2005
Princeton University
Issue:
2005 Series A
Amount:
$ 139,590,000
Closing:
April 12, 2005
Final Maturity:
July 1, 2030
True Cost of Interest
4.405%
NPV Savings
$4,243,734.80
Savings Percentage
3.04%
Rowan University
Issue:
Series 2005 D
Amount:
$51,840,000
Closing:
April 13, 2005
Final Maturity:
July 1, 2034
True Cost of Interest
4.63%
NPV Savings
$1,912,379.99
Savings Percentage
3.66%
March 2005
The Richard Stockton
College of New Jersey
Issue:
Series 2005 C
Amount:
$31,150,000
Closing:
March 4, 2005
Final Maturity:
July 1, 2035
Variable Rate
na
Thomas Edison State College
Issue:
Lease Financing
Amount:
$840,000
Lease Term:
5-Year
Rate:
3.533%
Amount:
$960,000
Lease term:
7-Year
Rate:
3.694%
January 2005
New Jersey City University
Issue:
Series 2005 A
Amount:
$21,575,000
Closing:
January 26, 2005
Final Maturity:
July 1, 2035
Swap Rate
3.355%
Bonds Issued in 2003
Bonds
Issued in 2004
Bonds Issued in 2006
