NJEFA: 2006 Bond Issues

Issues Closed in 2006

December 2006

Updated: January 24, 2007

Montclair State University
Issue:	Series 2006 J
Amount:	$154,110,000
Closing:	December 14, 2006
Final Maturity:	July 1, 2034
True Cost of Interest:	4.30%
NPV Savings:	$6,194,157
Savings Percentage:	4.05%

College of Saint Elizabeth
Issue:	2006 Series K
Amount:	$15,000,000
Closing:	December 21, 2006
Final Maturity:	July 1, 2036
Variable Rate:	NA

November 2006

Rowan University
Issues:	Series 2006 G
Amount:	$69,405,000
Closing:	November 16 , 2006
Final Maturity:	July 1, 2031
True Cost of Interest:	4.32%
NPV Savings:	$738,003
Savings Percentage:	3.33%

Rowan University
Issue:	Series 2006 H
Amount:	$20,000,000
Closing:	November 16, 2006
Final Maturity:	July 1, 2036
Variable Rate:	NA

Ramapo College of New Jersey
Issues:	Series 2006 I
Amount:	$106,820,000
Closing:	November 28, 2006
Final Maturity:	July 1, 2036
True Cost of Interest:	4.42%
NPV Savings:	$3,510,943
Savings Percentage:	3.45%

October 2006

Centenary College
Issue:	2006 Series J
Amount:	$9,154,113
Closing:	October 16 ,2006
Final Maturity:	November 1, 2036
Swap Rate:	5.265%

Higher Education Capital Improvement Fund (CIF)
Issue:	Series 2006 A
Amount:	$155,460,000
Closing:	October 26, 2006
Final Maturity:	September 1, 2024
True Cost of Interest:	4.42%
NPV Savings:	$4,438,363
Savings Percentage:	3.01%

September 2006

The Richard Stockton College of NJ
Issue:	Series 2006 F
Amount:	$50,365,000
Closing:	September 28, 2006
Final Maturity:	July 1, 2036
True Cost of Interest:	4.46%

August 2006

Princeton University
Issue:	2006 Series E
Amount:	$93,285,000
Closing:	August 10, 2006
Final Maturity:	July 1, 2027
True Cost of Interest:	4.50%
Est. NPV Savings:	$2,755,549
Savings Percentage:	3.05%

July 2006

Montclair State University
Issues:	Series 2006 A Series 2006 B
Amount:	$108,060,000
Closing:	July 6, 2006
Final Maturity:	July 1, 2036
True Cost of Interest:	4.80%
Series 2006 B NPV Savings:	$342,980.83
Series 2006 B Savings Percentage:	2.95%

Institute for Advanced Study
Issue:	2006 Series B
Amount:	$29,600,000
Closing:	July 19, 2006
Final Maturity:	July 1, 2031
Swap Rate:	3.77%
Est. NPV Savings:	$2,089,452.07
Savings Percentage:	7.39%

Caldwell College
Issues:	2006 Series F
Amount:	$21,400,000
Closing:	July 20,2006
Final Maturity:	July 1, 2032
Swap Rate:	4.05%
Est. NPV Savings:	$442,688.77
Savings Percentage:	10.89%

June 2006

Seton Hall University
Issue:	2006 Series A
Amount:	$20,750,000
Closing:	June 1, 2006
Final Maturity:	July 1, 2019
Swap Rate:	3.43%
NPV Savings:	$2,400,000
Savings Percentage:	12.2%

Princeton University
Issue:	2006 Series D
Amount:	$74,290,000
Closing:	June 1, 2006
Final Maturity:	July 1, 2031
True Cost of Interest:	4.391%

Fairleigh Dickinson University
Issues:	2006 Series G 2006 Series H
Amount:	$16,652,544
Closing:	June 29, 2006
Final Maturity:	July 1, 2028
Variable Rate:	NA
Est. NPV Savings:	$551,612.43
Savings Percentage:	3.34%

Felician College
Issue:	2006 Series I
Amount:	$11,445,000
Closing:	June 30, 2006
Final Maturity:	November 1, 2022
Swap Rate:	4.70%
Est. NPV Savings:	$1,073,795.79
Savings Percentage:	9.95%

March 2006

Ramapo College of New Jersey
Issue:	Series 2006 D
Amount:	$49,085,000
Closing:	March 30, 2006
Final Maturity:	July 1, 2036
True Cost of Interest:	4.52%

February 2006

New Jersey City University
Issue:	Series 2006 C
Amount:	$5,950,000
Closing:	February 16, 2006
Final Maturity:	July 1, 2036
Variable Rate:	NA

Bonds Issued in 2003
Bonds Issued in 2004
Bonds Issued in 2005