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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
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